chart

Technically, AEX looking very strong now.
We'll definitely get chartists moving in next week.

The Ichimoku indicator continues to work text-book for AEX.
Key points - look at the lagging Chikou span in the purple circle. Notice how it continues to find support at the candles and the cloud. The Chikou was forced to move up yesterday to stay above the candles. The very positive aspect of this, is the Chikou will soon have a cluster of candles below it, which if they were to continue to provide support, would suggest the price won;t fall back to far.

Note the grey square also - cloud is moving up rapidly from a period of no cloud suggesting the chance of high volatility movements. This is in place until the 27th.



More importantly, we have a breakout on the monthly and weekly charts - I've shown monthly here. The technical objective might lie somewhere b/w 8.5 and 9c.

Other indicators are sweet - ADX has cooled off, and +DM has done the good above it. Money Flows turning positive. RSI stays strong.

After all this time, AEX is just starting to heat up....Good luck to all next week.



Marco