The AEX course opens today with a slight increase from 1 point to 919 points. It is striking that Futures for the United States point to a light red opening, while Asia opened higher and also seems to open Europe slightly higher.
Waiting for clarity
In the meantime, the story is getting boring, but it is really waiting for clarity for the AEX. With the trade war as a threat above the market, the outbreak of a sustainable new bull market seems impossible.
The uncertainty that Donald Trump causes with his trade war ensures that companies do not or dare to invest in the future.
And that limits economic growth in the long term. You may not see that immediately in the data, but of course there will be a point where that is the case.
For that reason it is difficult for the stock exchanges to really start a long period of increases.
At the same time, the circumstances are too favorable for a bear market. The global economy is not yet screaming for interest rates and is not about to slip into a recession. That makes the AEX just seems ride boundas they call it in the financial world.
That means that the price will probably continue to move back and forth in a fixed range.
The momentum remains positive
After the sharp fall from the beginning of April, the momentum is again positive for the AEX. As you can see, the course again acts above a series of important exponential moving averages. That is usually positive.
It is striking that these averages are currently in a so -called bullish formation. That means that the shorter averages, such as the 21-day average, are above the longer, such as the 55-day average. Such an order indicates strong short -term momentum.
In the coming days it will be interesting to see if the AEX knows how to find support around one of these averages. Especially the 21- and 55-day exponential average are levels to keep an eye on.
Source: https://newsbit.nl/aex-omhoog-cruciale-dagen-in-aantocht/
