Tuesday, March 31, 2020

AEX Bounce levels

Potential levels for the AEX to bounce off are:

- the 413,74 level c.q. the 400-415 zone (50% retracement 2009-2020),
30-03-2020: we're in between 8 day EMA and 20 day SMA; indecision (400 or 510)
31-03-2020: as long as we stay above 8 day EMA we anticipate Fibonacci levels 496 and 510 to come into play
- the 380 level (Primary Wave 1 high (2011) & Primary Wave 4 low (2016)), and
- the 362,12 level (61,8% retracement 2009-2020).

After that it gets kind of scary.

I do not trade or invest according to these views. For that purpose I only use the Trend Trade & Investment Strategies which are explained at the bottom of this blog. Please also read the disclaimer there.