AEX Short Term Update

The AEX is finishing a small degree 5 wave that should bottom Monday (at least 375?), or early in the week. This move is part of a larger impulse wave that started in the second half of November. If my assessment is correct (see previous long term updates) this high will hold and will be the high for a long time to come. 2013 is supposed to be a ‘high’ year. The next high, either a lower high or a higher high won’t be due till 2016.

Short term, the AEX will bounce from the upcoming low and should at least retrace to 390 (both wave 4 area and wave 3-of-3).

Monday, there is a ‘Jupiter hit’ at 10:31

Tuesday and Wednesday some FED announcements may cause some additional volatility.