Short-Term (days/weeks): With the DJ Eurostoxx 50 at support and Daily OB/OS momentum oversold, it looks like a short-term low is in place.

Short-Term (days/weeks): probably at a low
The DJ Eurostoxx 50 was slightly higher last week, turning up at trend support from
the fall 2022 low as Daily OB/OS momentum turned up in oversold territory
At the close on Friday, the DJ Eurostoxx 50 was again testing fall 2022 trend
support ; Daily OB/OS momentum was still modestly oversold.
With the DJ Eurostoxx 50 at support and Daily OB/OS momentum oversold, it looks
like a short-term low is in place.
See Daily OB/OS Charts, attached, page 6 and analog charts pages 2-3.
Intermediate-Term (weeks/months): neutral (was negative)
Intermediate breadth and momentum indicators for Europe/UK were mostly
unchanged week-on-week at the close on Thursday, including the DJ Stoxx 600
Intermediate Term Indicator and Money Flow of the DJ Stoxx 600 and FT All Share
Stock. The FT All Share Intermediate Term Indicator was sharply lower.
Intermediate indicators for the DJ Stoxx 600 and FT All Share are now mostly
moderately oversold.
The DJ Stoxx 600 and FTSE were both higher week-on-week at the close on
Thursday ; the DJ Stoxx 600 is turning up at trend support from the fall 2022 low and
the FTSE is turning up at trend support from the March 2020 low.
See Weekly Charts, pages 7 and 8, attached.
Unchanged DJ Stoxx 600 intermediate indicators in oversold territory accompanied
by improvement in the DJ Stoxx 600 from intermediate trend support looks like a
possible intermediate buy signal for Europe equities (weeks/months). Also, DJIA/NYSE ITI analogs both point to a low around now for the key US equity market. See
analog charts, pages 2 and 3.
Waiting for Europe intermediate indicators to turn up accompanied by price strength.
The intermediate outlook (weeks/months) for Europe equity indices is now
neutral (was negative): on the alert for a buy signal.