AEX is approaching support, potential bounce!
AEX is approaching our first support at 506 (horizontal swing low support, 100% Fibonacci extension, 38.2% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our first resistance at 533 (horizontal overlap resistance, 38.2% Fibonacci retracement).
Stochastic (55,5,3) is also seeing a bullish divergence and we might see a corresponding bounce in price should it bounce off this level.
Stochastic (55,5,3) is also seeing a bullish divergence and we might see a corresponding bounce in price should it bounce off this level.
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