The key US equity market is expected to make a short-term low next week. European equity indices should follow suit.

Short-Term (days/weeks): short-term low now or soon for the DJ Eurostoxx 50
The DJ Eurostoxx 50 fell unexpectedly last week as Daily OB/OS momentum turned
negative.
At the close on Friday, DJ Eurostoxx 50 was testing trend support from the October
low ; Daily OB/OS momentum was very modestly oversold.
The key US equity market is expected to make a short-term low next week (see
analog charts, pages 2-3 and the Number of NYSE Stocks with Weekly Money Flow
Turning Positive (Weekly Charts, page 4).
European equity indices should follow suit.
See Daily OB/OS Charts, attached, page 6.
Intermediate-Term (weeks/months): still positive
Intermediate breadth and momentum indicators for Europe/UK were all 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 FT All Share and DJ
Stoxx 600 Stock.
The DJ Stoxx 600 and FTSE were both lower week-on-week at the close on
Thursday; both indices are testing trend support from the October low.
See Weekly Charts, pages 7 and 8, attached.
The intermediate uptrend for the DJ Stoxx 600 from the fall 2022 low is intact.
The intermediate trend for the key US equity market is still positive too : see US
Report.
Key Takeaway: the intermediate outlook (weeks/months) for Europe equity
indices remains positive.