Long slow bull
Now that the dutch AEX broke it's 2007 for some time .. what are the new expectations?
This is just a TA based view on patterns and indicators on weekly chart.
As we see the previous two bullruns put into trending channels we can see that the current one is the longest and less strong in terms of run up power.
With the top of 2007 behind us and the ATH of 703.18 it might be an even longer bull.
Leading US indexes have seen a stronger bull and are currently in consolidation phase for another leg up.. lack of selling pressure, multiple bullish patterns forming etc.. wich will drag other indices such as the AEX along with them.
The recent weekly trending channel suggests that for reaching the ATH of 703.18 would not be before 2023! wich brings us into another 4 years of bull at least.. as long global economy is presenting growth and announcing supportive measures wherever needed.
For now.. the bull is still on.
Just ride it.
This is just a TA based view on patterns and indicators on weekly chart.
As we see the previous two bullruns put into trending channels we can see that the current one is the longest and less strong in terms of run up power.
With the top of 2007 behind us and the ATH of 703.18 it might be an even longer bull.
Leading US indexes have seen a stronger bull and are currently in consolidation phase for another leg up.. lack of selling pressure, multiple bullish patterns forming etc.. wich will drag other indices such as the AEX along with them.
The recent weekly trending channel suggests that for reaching the ATH of 703.18 would not be before 2023! wich brings us into another 4 years of bull at least.. as long global economy is presenting growth and announcing supportive measures wherever needed.
For now.. the bull is still on.
Just ride it.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.