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 up / Minor 5 up / Minute 3 up. The hypothetical time horizon on the remainder of Primary 5 and thus Cycle I is Intermediate 3 up, 4 down and 5 up (January 2016 - December 2020). A potential target on this projection for Cycle I might be 650.
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.