AEX closing in on target



The AEX has reached the upper trend-line dating back to 2011. So far, ALL important reversals in the past several years hit the Jupiter lines (explained here) either intraday or end-of-day (red wave lines). This target is currently 410-413. If correct, this will mark the end of wave 4 and will be a high for many many years. Another subtle indication is the fact that there is no significant resistance (shows as flames) because the rise of the AEX happened on decreasing volume (=weak) so there is no resistance build-up.

In order for the long term projection to stay valid (see previous posts here and here and here), the AEX must mark a high soon. A high was projected for 2013 but we should allow for a small overlap into 2014. 140120 AEX