Short-Term (days/weeks): the uptrend from the March low is intact for the DJ Eurostoxx 50.

Short-Term (days/weeks): still positive for the DJ Eurostoxx 50
The DJ Eurostoxx was slightly lower last week, turning down at short-term resistance
from the recent high as Daily OB/OS momentum turned negative.
At the close on Friday, DJ Eurostoxx 50 turned up at trend support from the March
low; Daily OB/OS momentum neutralized from modestly oversold.
The uptrend from the March low 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:
 FT All Share Intermediate Term Indicator and Money Flow of the Average FT All
Share Stock were higher,
 DJ Stoxx Stock 600 Intermediate Term Indicator fell and
 Money Flow of the Average DJ Stoxx 600 Stock was unchanged.
The DJ Stoxx 600 and FTSE were both lower week-on-week at the close on
Thursday ; the DJ Stoxx 600 is testing trend support from the October low and the
FTSE is still above next trend support from the fall 2022 low.
See Weekly Charts, pages 7 and 8, attached.
The DJ Stoxx 600 uptrend from the October low is intact; mixed intermediate
indicators of breadth and momentum accompanied by weakness in Europe equity
indices does not look like a clear intermediate sell signal.
US analog models of the NYSE ITI and the DJIA still point to a positive intermediate
trend for the key US equity market to early or late June before the next pullback (see
analog charts, pages 2-3) : this should be bullish for Europe equity indices.
Key Takeaway: the intermediate outlook (weeks/months) for Europe equity
indices is still positive.