No sell signal: the short-term trend (days/weeks) for the DJ Eurostoxx 50 is positive.

Short-Term (days/weeks): positive
The DJ Eurostoxx 50 was higher last week, breaching resistance from the spring
price highs as Daily OB/OS momentum turned up above neutral.
At the close on Friday, the DJ Eurostoxx 50 was still below short-term trend
resistance; Daily OB/OS momentum was moderately overbought.
No sell signal: the short-term trend (days/weeks) for the DJ Eurostoxx 50 is positive.
See Daily OB/OS Charts, attached, page 6.
Intermediate-Term (weeks/months): higher
Intermediate breadth and momentum indicators for Europe/UK were mostly higher
week-on-week at the close on Thursday, including DJ Stoxx 600 and FT A ll Share
Intermediate Term Indicators and Money Flow of the DJ Stoxx 600 Stock; the Money
Flow of the Average FT All Share Stock fell.
The DJ Stoxx 600 and FTSE were both sharply higher week-on-week at the close on
Thursday : the DJ Stoxx 600 breached trend resistance from the late 2021 high and
the FTSE is nearing trend resistance from the early 2023 high.
See Weekly Charts, pages 7 and 8, attached.
Mostly higher Europe intermediate indicators accompanied by sharp improvement in
the DJ Stoxx 600 suggests a still-positive intermediate trend (weeks/months) for
Europe equities.
The updated DJIA /NYSE ITI analog model still suggests possible choppiness/modest
weakness for US equity indices from late July and in August; similar price action in
Europe equities should be used as a buying opportunity since the intermediate trend
(weeks/months) for Europe equity indices remains positive.
See analog chart, page 2.
Key Takeaway: the intermediate outlook (weeks/months) for Eur ope equity
indices is still positive.