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

Short-Term (days/weeks): still positive for the DJ Eurostoxx 50
The DJ Eurostoxx 50 was sharply higher last week, making new short-term highs
as Daily OB/OS momentum turned up at moderately overbought.
At the close on Thursday, DJ Eurostoxx 50 was below next resistance at the January
2022 high ; Daily OB/OS momentum was moderately overbought.
The short-term trend (days/weeks) for the DJ Eurostoxx 50 remains positive.
See Daily OB/OS Charts, attached, page 6.
Intermediate-Term (weeks/months): still positive
Intermediate breadth and momentum indicators for Europe/UK were all higher 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 DJ Stoxx 600 and FT
All Share Stock.
FT All Share and DJ Stoxx 600 Intermediate Term Indicators were both sharply
higher.
The DJ Stoxx 600 and FTSE were both sharply higher again week-on-week at the
close on Thursday ; both indices are now testing price resistance levels.
See Weekly Charts, pages 7 and 8, attached.
Accelerating improvement in Europe intermediate indicators and Europe equity
indices suggests a still-positive intermediate trend (weeks/months) for Europe
equities.
US analogs for the NYSE ITI and the DJIA/Pre Election Year cycle still look
relevant, pointing to strength for the key US equity market until at least May; this
should be supportive of strength in Europe equity indices.
See analog charts, pages 2-4.
Key Takeaway: the intermediate outlook (weeks/months) for Europe equity
indices is still positive.