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Publication date: December 11, 2024
Price movement AEX Index
It is Wednesday, December 11, and the AEX is at 894 in the afternoon session. That is exactly the same as last week's reading. The AEX is moving sideways between 889 and 897.
What does this mean for sentiment on the AEX?
Sentiment on the AEX is positive for the short term.
Chart AEX Index
Below is the chart of the AEX for the past 2 months. You can see the rise from 853 and the sideways pattern of the past week. The most likely scenario is plotted.
What is the AEX's forecast?
After the strong upward movement, a sideways pattern is now taking place. This is a classic prelude to a further rise. This means that our algorithm is looking for an optimal buying moment for the ride to 935.
The AEX is expected to undergo a modest correction from the current level to the 888 level and then continue the short-term upward trend towards the price target 935.
The alternative is a close above 897. Again, this creates a buying opportunity with, of course, the same price target. We will keep our clients informed via Whatsapp as soon as the entry point is hit.
Look back: read our view of the AEX of December 5, 2024 here
What happened on the Nasdaq this past week?
The Nasdaq futures are currently at 21,500 which is also the same as last week's position.
The Nasdaq futures are also moving rather sideways this week with a high of 21,600 and low of 21,350.
What is the outlook for the Nasdaq future?
The forecast is unchanged positive. The long position taken at 20,440 has an unchanged short-term price target of 23,500. The stoploss remains at 20,350.
For the end of 2025, the expectation is also positive and the price target is 25,000 points.
Below is the chart of the Nasdaq futures over the past 6 months with the most likely scenario, as it has been for several months, plotted.
What happened on the Dow Jones Industrial Average (DJIA) Index this past week?
The DJIA is currently trading at 44,400 points, which is 700 points (- 1.55%) lower than last week's reading. The DJIA future corrects this week and has been low 44,250.
What is the outlook for the Dow Jones Industrial Average Index?
The outlook is positive but the price may first correct further to 43,600 in the most likely scenario. From there, the DJIA will continue its upward trend. Given the risky timing of buying, we will only take a position once the index closes above 45,200. The most likely scenario at that point gives a buy signal with target 48,000 and the stoploss at 43,600.
Below is the chart of the DJIA futures over the past 4 months with the most likely scenario plotted.
Important items on the economic agenda for the week of Dec. 16 through Dec. 20:
For the week ahead, we look forward to the US interest rate decision on Wednesday evening at 8 p.m.. A 0.25% cut is expected. On Friday at 2:30 p.m., core inflation figures from the U.S. may also start to cause movement.
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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