Thursday, July 2, 2020

AEX Daily Journal

AEX (AEX Daily Chart)

29-06-2020: long term trend is up (since March 2009), intermediate term trend is down (since July 2018) and short term trend is up (since March 2020); because price is below the 8 day EMA there is a downward bias; support is at 530 and resistance is at 575 and 603

30-06-2020: downward bias; support at 530 and resistance at 575 and 603

01-07-2020: consolidation (market does not want to go down); meandering around both the 8 day EMA and 200 day SMA; support at 530 and resistance at 575 and 603

02-07-2020: more of the same

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.