No sell signal—the short-term uptrend (days/weeks) for the DJ Eurostoxx 50 is intact.

Short-Term (days/weeks): uptrend intact for the DJ Eurostoxx 50
The DJ Eurostoxx 50 was higher again last week, turning up at trend support from the December low as Daily OB/OS momentum continued to neutralize from overbought.
At the close on Friday, DJ Eurostoxx 50 was testing trend resistance from the October 2022 high; Daily OB/OS momentum was still modestly overbought.
No sell signal—the short-term uptrend (days/weeks) for the DJ Eurostoxx 50 is intact.
See Daily OB/OS Charts, attached, page 6.
Intermediate-Term (weeks/months): still positive
Intermediate breadth and momentum indicators for Europe/UK were mixed week-on-week at the close on Thursday:
 DJ Stoxx 600 Intermediate Term Indicator was higher,
 FT All Share Intermediate Term Indicator fell and
 Money Flow of the Average DJ Stoxx 600 and FT All Share Stock were unchanged.
The DJ Stoxx 600 was higher again week-on-week at the close on Thursday and is still below next resistance; the FTSE fell, turning down at long-term resistance from the 2018, 2019 and 2020 price highs.
See Weekly Charts, pages 7 and 8, attached.
Higher or unchanged intermediate indicators of breadth and momentum for the key DJ Stoxx 600 accompanied by improvement in the DJ Stoxx 600 index suggests that the intermediate trend (weeks/months) for Europe equity indices is intact.
Key Takeaway: the intermediate outlook (weeks/months) for Europe equity indices remains positive.