Among the 20 industry sectors of the Stoxx Europe 600 Index, 11 sectors had a 14-day relative strength index above 70, and the overbought coverage was the highest since December 2023; since 2010, this situation has only occurred for 34 trading days. Within two trading days, 9 sectors of the RSI reached 70, which only happened 6 times in history. Half of these occurred during the ECB's 2015 quantitative ease-driven bull market phase. Historical rules show that this signal often indicates a phased recession in the market rather than peaking. Since 2010, in 13 scenarios where similar signals have appeared, the Stoxx 600 index fell 8 times after 1 month; the rise and fall results after 3 months were close to five or five, and the probability that the index would rise during normal periods was about 60%. This type of signal did not correspond to a large peak in the market, but two of them showed a retracement of about 10% within three months.

Among the 20 industry sectors of the Stoxx Europe 600 Index, 11 sectors had a 14-day relative strength index above 70, and the overbought coverage was the highest since December 2023; since 2010, this situation has only occurred for 34 trading days. Within two trading days, 9 sectors of the RSI reached 70, which only happened 6 times in history. Half of these occurred during the ECB's 2015 quantitative ease-driven bull market phase. Historical rules show that this signal often indicates a phased recession in the market rather than peaking. Since 2010, in 13 scenarios where similar signals have appeared, the Stoxx 600 index declined 8 times after a month; the rise and fall results after three months were close to five or five, and the probability that the index would rise during normal periods was about 60%. This type of signal did not correspond to a large peak in the market, but two of them showed a retracement of about 10% within three months.