This time i will analyze my own AEX (Netherlands) index. It has formed a textbook rising wedge. Other exchanges are looking more bullish, and the AEX is everything but leading but sometimes it does indicate to where the market is heading. First target is around 550, could still see a false breakout on the upside first.
Note
This should be it, should stay below the 562, otherwise the pattern is not valid. Big chance Europe closes at the high and US starts to turn downNote
Looks like the this idea will fail, US went slightly higher, unless the futures will drop during Asia, it could still drop
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.