The short-term outlook (days/weeks) for the DJ Eurostoxx 50 remains positive.

Short-Term (days/weeks): still positive
The DJ Eurostoxx 50 was higher last week, turning up at trend support from the
September low as Daily OB/OS momentum turned positive.
At the close on Friday, the DJ Eurostoxx 50 was near resistance at the 2023 high ;
Daily OB/OS momentum was modestly overbought.
The short-term outlook (days/weeks) for the DJ Eurostoxx 50 remains positive.
See Daily OB/OS Charts, attached, page 6.
Intermediate-Term (weeks/months): higher
Intermediate breadth and momentum indicators for Europe/UK mixed week-on-week
at the close on Thursday:
 FT All Share Intermediate Term Indicator was higher and
 DJ Stoxx Stock 600 Intermediate Term Indicator fell and
 Money Flow of the Average DJ Stoxx 600 and FT All Share Stock were both
unchanged.
The DJ Stoxx 600 and FTSE were also mixed week-on-week at the close on
Thursday; the FTSE was higher and DJ Stoxx 600 was unchanged, stalled at
resistance around the 2023 price highs.
See Weekly Charts, pages 7 and 8, attached.
Mixed intermediate indicators of breadth and momentum and Europe equity indices
suggests a still-positive intermediate trend for Europe equity indices.
DJIA analog models of the NYSE ITI still point to strength for US equities to early
or late June before the next short-term pullback (see analog charts, pages 2-3) : this
looks bullish for Europe equity indices.
Key Takeaway: the intermediate outlook (weeks/months) for Europe equity
indices is still positive.