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Publication date: July 24, 2025
It is Thursday, July 24. The AEX is at 913 in the morning session. That is 2 points (0.2%) lower than last week's reading.
What happened on the AEX in the past week?
On balance, extremely little happened on the AEX. The index opened Monday at 912 and this morning set the preliminary weekly high at 914. On Tuesday, the AEX briefly dropped to 900 points. Falling prices in the tech sector caused this. However, the price recovered quickly, and currently the AEX is back in the long sideways range between 905-935.
What does this mean for sentiment on the AEX?
Underlying sentiment on the AEX is positive.
What is the expectation on the AEX?
The longer-term expectation is unchanged. In the most likely scenario of our algorithm, the AEX is going to rise to the price target of 1,050. Due to the long period during which the AEX moves within a sideways pattern, our algorithm still gives the possibility of a short slip to around 880 at the latest.
This does not affect the positive scenario. The stoploss remains at 870. In the ride to the price target, we should expect some resistance around 935 and 950.
The chart above of the AEX shows the price movement since early 2025, with a clear sideways pattern from mid-May. The arrows indicate the most likely scenario for the next few months.
What happened on the Nasdaq this past week?
The Nasdaq futures are at23,360on Thursday morning, July 24, which is 250 points (1.1%) higher than last week.
The Nasdaq futures have met the price target calculated by our algorithm with a weekly high of 23,424.
What is the outlook for the Nasdaq futures?
Unchanged positive for the longer term. In the most likely scenario, the Nasdaq futures will start a quiet correction from the current level of about 3% to about 22,400 before continuing to rise to the price target at 25,800.
In the correction, a consideration to take a buy position arises. Below is the chart of Nasdaq futures from early 2025, including the most likely scenario.
What happened on the Dow Jones Industrial Average (DJIA) Index this past week?
The DJIA is currently trading at 45,060 points, which is 645 points (1.45%) higher than last week's reading.
The DJIA is rebounding strongly from a modest correction last week. With a weekly high of 45,230, the DJIA is once again testing the old top and our previously set price target at 45,200.
What is the outlook for the Dow Jones Industrial Average Index?
For the longer term, the expectation is positive. For the short term, the DJIA may finish a modest correction with a drop of about 2% to the 43,750 level and then continue up to the price target at 49,000.
During the correction, there will be room to consider a possible buy position. Below is the chart of DJIA futures from the end of 2024, with the most likely scenario plotted.
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In the agenda, we cover the most important topics with an explanation and vision. Read the agenda for the week of July 21 to July 25, 2025 here and from Friday afternoon you can read the agenda for the week of July 28 to August 1, 2025 here .
Disclaimer: Investing involves risk. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts' insights and experiences. They are therefore for educational purposes only.
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