Publication date: March 27, 2025

 Thursday, March 27, and the AEX is at 913 in the opening session. That is 11 points (1.2%) lower than last week's reading.

What happened on the AEX in the past week?

The AEX opened at 921 on Monday and has further moved sideways with the weekly high on Tuesday at 927. From that level, the AEX has been falling slightly, with the current 913 as the preliminary low of the week.

What does this mean for sentiment on the AEX?

The sentiment on the AEX is unchanged for the short term. The recovery initiated last week may continue, but the underlying sentiment remains cautious and somewhat uncertain.

What is the outlook for the AEX?

Last week's price action gives no significant change in expectation. The price recovery theoretically has room up to 937, but this scenario has lost strength. The most likely scenario assumes a slightly higher top above the current 926 to then start the completion of the larger correction at 850. From 850, the AEX is expected to pick up the larger uptrend and round out to the unchanged price target at 980.

Above is the chart of the AEX over the past 4 months. The arrows indicate the most likely scenario for the coming months.

What happened on the Nasdaq this past week?

The Nasdaq futures are currently at 20,070 which is 40 points (0.2%) higher than last week's reading.

The Nasdaq futures opened the trading week at 20,350 points and completed the expected recovery with the high at 20,540. The preliminary weekly low today was set at 20,003.

What is the expectation for the Nasdaq future?

The short-term expectation for the Nasdaq is that the price has completed the recovery at 20,540. There is still a small chance that the Nasdaq faces another modest rebound to around 20,900. This is all ahead of the deeper correction to around 17,500.

For the longer term, the Nasdaq will pick up the larger uptrend from 17,500 with a preliminary target of 24,000.

Below is the chart of Nasdaq futures over the past 5 months with the most likely scenario.

What happened on the Dow Jones Industrial Average (DJIA) Index over the past week?

The DJIA is currently trading at 42,750 points, which is 400 points (0.95%) higher than last week's reading.

The DJIA opened the week at 42,480. This is also the lowest reading of the week. Over the past few days, the recovery continued to the preliminary weekly high at 43,140.