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Publication date: October 23, 2025
It is Thursday, October 23. The AEX notes 968 in the morning session. That is 11 points (1.15%) higher than last week's reading.
What happened on the AEX last week?
The AEX experienced a positive week. The opening at 960 was the starting point for a ride to this morning's new record high at 972 points.
What does this mean for sentiment on the AEX?
Overall sentiment on the AEX is underlying positive.
What is our expectation for the AEX?
Our expectation is positive with a price target of 1,015.
But for the short term, our algorithm's most likely scenario is that the AEX has created a so-called false breakout with the intraday record low at 972. This increases the possibility of an intermediate correction and the system expects another intermediate decline that could lead to the 938-930 zone. Then the rise to the price target of 1,015.
Below 880, the positive scenario expires and the AEX enters a neutral zone with an increased risk of further decline. As long as 880 holds, the positive scenario remains in place.
Above is the chart of the AEX as of April 2025. The arrows indicate the most likely scenario for the coming months.
What happened on the Nasdaq this past week?
The Nasdaq futures stood at 25,090 on Thursday morning, Oct. 23, which is 90 points (0.35%) higher than last week.
The Nasdaq futures experienced a positive week in which it remained just a fraction below the record, with a high of 25,368.
What is the outlook for the Nasdaq futures?
The expectation is unchanged, positive, with a price target of 26,500. In the most likely scenario, the Nasdaq will continue its mid-term correction to a level of 24,000 points. With a close below 22,200, the positive scenario expires.
Below is the chart of the Nasdaq futures from April 2025 with the most likely scenario.
What happened on the Dow Jones Industrial Average (DJIA) Index this past week?
The DJIA is currently trading at 46,730 points, which is 180 points (0.4%) higher than last week's reading.
The DJIA also experienced a tidy positive week. The highest weekly reading is 47,331, with which the DJIA set a new record.
What is the outlook for the Dow Jones Industrial Average Index?
The expectation is positive, but the DJIA, in the most likely scenario, may experience a continuation of the correction to the 45,250 level in the short term before reaching the 49,000 price target. The scenario expires at a close below 43,200.
Below is the chart of DJIA futures from April 2025 with the most likely scenario plotted.
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In the Economic Calendar, we cover the most important topics through an explanation and vision. Here you can read the agenda for the week, October 20 through October 24, 2025, and from Friday afternoon, you can read the agenda for the week, October 27 through October 31, 2025.
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' own insights and experiences. They are therefore for educational purposes only.
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