Publication date: July 2, 2026
AEX
On Thursday, July 2, the AEX stood at 1,068 points during the morning session. That represents a decline of 2 points, or 0.2%, compared to last week.
Market Development
After reaching the expected 1,053 points on Friday, the AEX opened the trading week on a positive note at 1,062 points on Monday. On Tuesday, the highest weekly level so far was recorded at 1,082 points. Ahead of key U.S. employment figures, the index fell slightly back to the level seen at the start of the week.
Sentiment
Sentiment in the stock markets is positive. However, the high valuations of AI-related companies continue to cause some concern.
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Forecast
The correction to 1,053 calculated by our model has been reached exactly. There is a small chance that the AEX will test that level again, but in the most likely scenario, the model forecasts a rise to approximately 1,120 points.
Subsequently, a correction toward the 1,030-point range is the most likely scenario. In the long term, the positive outlook remains intact. Our model expects a new upward move toward the price target of 1,230 points.
A close below 920 points would invalidate this scenario and shift the technical outlook to neutral to negative. As long as this level holds, the long-term outlook remains constructive.
The chart above shows the AEX starting in mid-2025, including the expected price movement.
Nasdaq Futures
On Thursday morning, July 2, the Nasdaq futures contract is trading at 29,900 points. That represents a decline of 200 points, or 0.65%, compared to last week.
Market development
The Nasdaq futures contract started the week slightly lower. On Monday, the price reached its lowest level of the week so far at 29,282 points. On Tuesday, the market rallied and the price rose to 30,600 points. This represented a 4.5% increase from Monday morning and was just one percent away from the record high. Following the rally, the index has pulled back slightly ahead of key macroeconomic data due out on Thursday.
Sentiment
Sentiment toward technology is strong. The index is highly volatile, indicating that the market is nervous.
Forecast
The outlook remains unchanged from last week. From the record high of 30,975, the price may continue the ongoing correction in the short term to around 28,500 points. Subsequently, the price could reach a new high this year at 32,500. After that, the major correction will be completed, and the price could move to the range between 27,500 and 26,500 points.
After this correction, the long-term uptrend could resume toward the new price target of at least approximately 34,500 points.
The chart below shows the Nasdaq futures from mid-2025 onward, including the expected scenario.
Dow Jones futures
The Dow Jones futures are currently trading at 52,650 points. That represents an increase of 300 points, or 0.55%, compared to last week.
Market development
Due to its composition, the Dow Jones futures contract is less affected by major fluctuations in AI-related companies. As a result, the price reached a new record high. On Wednesday, it hit a new all-time high of 53,102 points.
Sentiment
Sentiment surrounding the Dow Jones futures remains fundamentally strong.
Forecast
In the short term, a slight correction to 51,600 points is possible. After that, the most likely scenario is that the price will reach a new high around 54,000 points.
After that, the price may begin a larger correction toward 50,500 points.
This level could then serve as a base for a new upward move toward the new long-term price target of approximately 58,700 points.
The chart below shows the Dow Jones futures starting in June 2025, including the expected price movement.
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Disclaimer: Investing involves risks. 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 intended for educational purposes only.