Thursday, March 5, 2015

AEX Daily News

Support is at 460, 446, 440 (neckline inverse head and shoulders), 432, 429, 412, 406 en 389. Resistance is at 487 and 496 (target inverse head and shoulders). All numbers are rounded and based on the daily, weekly and monthly timeframe.

Above mentioned levels correspond with the purple horizontal dotted lines in the embedded AEX Charts (Daily, Weekly and Monthly).

For an explanation of the abbreviations and the Trend Trade & Investment Principle see the bottom of this blog. Please also read the disclaimer there.

AEX Daily Update (based on previous business day)

Daily Time Frame Trading
AEX @ 483,57. (AEX Daily Chart).
Daily SMA-55 positive and Channel upslope.
CTP mode (early termination).
Last TTIP mode since 16-01-2015 as of 432,98 ended 26-01-2015 as of 459,14 with a profit of 6,04 %.
Weekly Time Frame Trading & Investing
AEX @ 483,57. (AEX Weekly Chart).
Weekly SMA-55 positive and Channel upslope.
CTP mode (early termination).
Last TTIP mode since 16-01-2015 as of 432,98 ended 26-01-2015 as of 459,14 with a profit of 6,04 %.
Monthly Time Frame Equity Investing
AEX @ 483,57. (AEX Monthly Chart).
Monthly SMA-55 positive and Channel upslope.
CTP mode (early termination).
Last TTIP mode since 16-01-2015 as of 432,98 ended 26-01-2015 as of 459,14 with a profit of 6,04 %.

Notes: I expect bullishness for the AEX until the end of 2015, and maybe even until the summer of 2016. I'm waiting for a correction, to preferably the 446 level, to re-enter long positions. There is a chance however this thing blows of to an inverse head and shoulders target of 496 before a meaningful correction will take hold.

Choose your own Targets and Stoplosses by looking at the Resistance and Support levels (purple dotted lines) in the embedded charts.

I only trade and invest based on the Trend Trade & Investment Principle. My views on the future as expressed in the notes are not taken into consideration.

For an explanation of the abbreviations and the Trend Trade & Investment Principle see the bottom of this blog. Please also read the disclaimer there.