AEX approaching support, potential bounce! AEX is approaching our first support at 475.2 (50% fibonacci retracement, 100% fibonacci extension, horizontal overlap support) and a strong bounce might occur above this level pushing price up to our major resistance at 534.4 (61.8% fibonacci retracement, 100% fibonacci extension, horizontal overlap resistance).
Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it react off this level.
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AEX
AEX Approaching Resistance, Potential Reversal!AEX is approaching its resistance at 516.8 (horizontal pullback resistance, 100% fibonacci extension, 61.8% fibonacci retracement) where it could potentially reverse down to its support at 494.2 (61.8% Fibonacci extension , 23.6% Fibonacci retracement ).
Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.
AEX approaching resistance, potential drop! AEX is approaching our first resistance at 516.8 (horizontal pullback resistance, 100% fibonacci extension, 61.8% fibonacci retracement) where a strong drop might occur pushing price down to our major support at 494.2 (100% fibonacci extension, 61.8% fibonacci retracement, horizontal swing low support).
Stochastic (55,5,3) is also approaching resistance and we might see a corresonding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
AEX Bearish, YES We've Reached The Top!Hi Guys,
Normally I do Cryptocurrencies, but today my country's AEX Index. I strongly believe we've already reached the top. And after a 10 year long bull market, it's time to take profits.
I haven't bought any stocks, only bonds. But I will short when AEX drops under the 500 points. I already opened a short when it dropped below 500 points. But I had to take my loss when the price moved up again.
According to the emotional cycle, we are just in Denial phase. So you're doing good to take your profits and short the down side.
Happy Trading!
AEX approaching resistance, potential drop! AEX is approaching our first resistance at 538.15 (100% fibonacci extension, 61.8% fibonacci retracement, horizontal pullback resistance) where a strong drop might occur pushing price down to our major support at 500.92 (Horizontal swing low support, 61.8% fibonacci extension, 38.2% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price.
AEX approaching support, potential bounce! AEX is approaching our first support at 500.92 (horizontal swing low support, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 521.87 (61.8% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (55,5,3) is also approaching resistance and we might see a corresponding bounce in price above this level.
AEX approaching resistance, potential drop! AEX Index (EURONEXT:AEX is approaching our first resistance at 534.15 (horizontal overlap resistance, 61.8%, 100% Fibonacci extension , 50% Fibonacci retracement ) where a strong drop might occur below this level pushing price down to our major support at 512.94 (61.8% Fibonacci extension , 61.8% Fibonacci retracement ).
Stochastic (21,5,3) is also approaching resistance and we might see a corresponding drop in price. Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias.
AEX is approaching support, potential bounce! AEX is approaching our first support at 506 (horizontal swing low support, 100% Fibonacci extension, 38.2% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our first resistance at 533 (horizontal overlap resistance, 38.2% Fibonacci retracement).
Stochastic (55,5,3) is also seeing a bullish divergence and we might see a corresponding bounce in price should it bounce off this level.
AEX approaching support, potential bounce! AEX is approaching our first support at 517.10 (horizontal swing low support, 61.8%, 100% Fibonacci extension ) and a strong bounce might occur above this level pushing price up to our major resistance at 552.37 (horizontal overlap resistance, 50% Fibonacci retracement ). Stochastic (55,5,3) is also seeing a bullish divergence and approaching support where a bounce off this level might see a corresponding rise in price.
BULLISH - Close to support & possibly bounce -MM's over reactionFarm-out RNS no longer priced in due to oil drop recently.
I got 2 support lines but feel that price had an over reaction drop.
2.19p (hit this morning & bounced) & 1.75p as support
3.51p Target price
Completely unbiased as I do not hold this stock.
Possible scenarios for SPXI think there are 2 possible scenario's for the SP:SPX on a bigger timeframe.
Note that this is pure speculation. Only trade after confirmation.
Scenario 1: Back to the previous bottom and then bounce back up to form a head and shoulders pattern. Break out to lower territory imminent after a H&S.
Scenario 2: A weak market will cause the resistance to break immediately. This is less likely because there are still enough buyers (especially on American markets).
I think the bull market is coming to an end with an approaching trade war and an economy that can no longer grow. This is purely fundamental, but the graphs will show us in the future if we are right or not. Remember, trade only after confirmation. The market can still go up!
SPX futures still want to go lowerSP:SPX , OANDA:SPX500USD futures are looking to go lower. Trump moved the markets yesterday with a small "relieve" rally. However, the markets couldn't hold on the gains and it became a loss. This is signaling weakness in the market. The SPX futures are now making a bear flag and will probably breakout soon to go lower. Remeber, trade after confirmation (breakout).