Publication date: May 30, 2025

It is Friday, May 30. The AEX is at 924 in the morning session. That is 2 points (0.2%) lower than last week's reading and equal to the previous week's reading.

What happened on the AEX in the past week?

As indicated above, very little is happening on balance on the AEX. However, the AEX did go through the expected slight correction in the past week, with a low at 908 points. The index then climbed to a high of 934. This level keeps proving to be a barrier as the index has already fallen back five times after reaching 934. The AEX is heading back into the sideways pattern that has been occurring for three weeks.

What does this mean for sentiment on the AEX?

Sentiment on the AEX can be characterized as wait-and-see and a sense of calm before the storm.

What is the expectation on the AEX?

Because of the price movement in recent months, there are currently several scenarios that score high. This characterizes the current uncertainty in the market. In the most likely scenario, the AEX takes a short break and drops to the level around 900. From there, the market can begin the next significant upward movement by advancing to the 952 level. The long-term price target remains 1,050.








Above is the chart of the AEX from the beginning of 2025. The arrows indicate the most likely scenario for the coming months.


What happened on the Nasdaq over the past week?

The Nasdaq futures are at 21,330 on Friday morning, May 30, which is 130 points (0.6%) higher than last week's reading and almost the same as the previous week's reading.

The Nasdaq futures are following a similar price trend to that of the AEX. As expected, the Nasdaq also corrected slightly, with a low of 20,700 to climb to the high at 21,850 on Thursday.

What is the expectation for the Nasdaq's future?

In summary, the most likely scenario is that the Nasdaq future could go back to the 20,200 level before testing the 22,400 level. The long-term price target remains at least 24,000.

Below is the chart of the Nasdaq futures from January with the most likely scenario.

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

The DJIA is currently trading at 42,240 points, which is 300 points (0.7%) higher than last week's reading.

This week, we also saw a slight correction to 41,200 in the DJIA, only to set a high at 42,770 on Thursday. Currently, the DJIA is trading nicely in between again.