No sell signal—the short-term trend (days/weeks) for the DJ Eurostoxx 50 remains positive : possible short-term price weakness should be used as a buying opportunity.

Short-Term (days/weeks): positive for the DJ Eurostoxx 50, use possible as a
buying opportunity
The DJ Eurostoxx 50 was unchanged last week, stalling at price resistance from the
February high as Daily OB/OS momentum turned down at moderately overbought.
At the close on Thursday, DJ Eurostoxx 50 was still testing this area of resistance ;
Daily OB/OS momentum was moderately overbought.
No sell signal—the short-term trend (days/weeks) for the DJ Eurostoxx 50 remains
positive : possible short-term price weakness should be used as a buying opportunity.
See Daily OB/OS Charts, attached, page 6.
Intermediate-Term (weeks/months): still positive
Intermediate breadth and momentum indicators for Europe/UK were mostly lower
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 DJ Stoxx 600 Stock ;
the Money Flow of the Average FT All Share Stock was unchanged.
The DJ Stoxx 600 and FTSE were both sharply higher week-on-week at the close on
Thursday and both indices are still below next price resistance levels.
See Weekly Charts, pages 7 and 8, attached.
The intermediate uptrend (weeks/months) for the DJ Stoxx 600 remains positive.
US analogs for the NYSE ITI and the DJIA/Pre Election Year cycle both still look
relevant, pointing to strength for the key US equity market until at least late April.
See analog charts, pages 2-3.
Key Takeaway: the inter mediate outlook (weeks/months) for Europe equity
indices remains positive.