AEX Index
Short

AEX approaching resistance, potential drop!

525
AEX is approaching our first resistance at 517 (horizontal pullback resistance, 23.6% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our first support at 492 (100% Fibonacci extension).
RSI (34) and ichimoku cloud is also facing bearish pressure where we might see a corresponding drop in price.

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