No sell signal—the short-term outlook (days/weeks) for the DJ Eurostoxx 50 remains positive.

Short-Term (days/weeks): positive for the DJ Eurostoxx 50
The DJ Eurostoxx improved again last week, making a new short-term high very
close to the 2007 peak level as Daily OB/OS momentum turned down at moderately
overbought.
At the close on Thursday, DJ Eurostoxx 50 was testing trend support from the March
2023 low ; Daily OB/OS momentum was moderately overbought.
No sell signal—the short-term outlook (days/weeks) for the DJ Eurostoxx 50 remains
positive.
See Daily OB/OS Charts, attached, page 6.
Intermediate-Term (weeks/months): still positive
Intermediate breadth and momentum indicators for Europe/UK were mostly higher
week-on-week at the close on Thursday, including FT All Share and DJ Stoxx 600
Intermediate Term Indicators and Money Flow of the Average FT All Share Stock.
The Money Flow of the Average DJ Stoxx 600 Stock was unchanged.
FT All Share Intermediate Term Indicator was sharply higher again.
The DJ Stoxx 600 and FTSE were both higher again week-on-week at the close on
Thursday ; DJ Stoxx 600 breached price resistance level and FTSE is still below next
resistance.
See Weekly Charts, pages 7 and 8, attached.
No sell signal for the DJ Stoxx 600: the intermediate outlook (weeks/months)
remains positive.
Two of three US analogs for the NYSE ITI and the DJIA/Pre Election Year cycle
point to a positive intermediate trend for the key US equity market : see analog
charts, pages 2-4. This should be bullish for Europe equity indices.
Key Takeaway: the intermediate outlook (weeks/months) for Europe equity
indices is still positive.