Market Rhythm Focus

The report highlights technical breakouts in the Euro Stoxx 50 and TOPIX to new highs, supported by a bearish trend in European volatility (VSTOXX). Conversely, Brent Crude appears to be forming a technical top with bearish momentum signals.

Key Takeaways

• 1.The Euro Stoxx 50 has executed a horizontal breakout through the April-May double high, targeting 6,113 and its all-time high of 6,200.
• 2.VSTOXX (European volatility) is forming a head-and-shoulders pattern and pointing lower, which acts as a potential tailwind for equity markets.
• 3.TOPIX has reached a fresh all-time closing high and appears ready for further upside follow-through.

Table of Contents

• Euro Stoxx 50
• VSTOXX
• Brent Crude Oil
• TOPIX

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