This update should be read in conjunction with AEX Elliott Wave Musings which was revised on 26 December, 2016.
It presents the tentative Elliott Wave count as I imagine it.
SuperCycle (V) - Cycle I - Primary 5 - Intermediate 3 - Minor 3 up (probability 75%). The hypothetical time horizon on the remainder of Primary 5 and thus Cycle I is Intermediate 3 up (November-April), Intermediate 4 down (April-May) and Intermediate 5 up (May-June). A potential target on this projection for Cycle I might be 575.
SuperCycle (V) - Cycle I - Primary 4 - Intermediate (A down - B up - C down triangle/wedge?) - Minor C up (Probability 25%).
For a graphical display look at the AEX Monthly Chart.
Don't hang your hat on this kind of analysis. It will be wrong more often than not. It is only a human and therefore feeble attempt to create some order out of seemingly random market movements.
I don't trade or invest according to these views. For that purpose I only use the Trend Trade & Investment Principle which is explained at the bottom of this blog. Please also read the disclaimer there.