Daily TA - AEX
Trend & Structure (SMA Analysis)
Primary trend:
Price trades well above the SMA200, keeping the primary trend bullish despite the current pullback.
Intermediate trend:
SMA55 is rising, but price has dipped below it, signaling weakening structure in the intermediate trend.
This often suggests consolidation or a corrective phase within a broader uptrend.Short-term trend:
Short-term structure is bearish-biased as the AEX continues to print lower highs and retests support zones.
Key takeaway:
“As long as price remains above the SMA 55 and 200, the trend bias stays bullish.”
Swing Sequencer
Current swing count: 4
Today’s signal: red candle with red Swing Count
Interpretation: The chart shows a continuation of the corrective phase, consistent with the red candle structure. Price is losing upward swing momentum, aligning with a downswing sequence.
Key takeaway:
“A renewed downswing is likely underway unless upward price action reclaims the prior support turned resistance.”
Momentum (RSI)
RSI value: 47.93
Zone: neutral, no oversold signal yet
Behavior: drifting lower
Interpretations:
weakening momentum
sellers gaining short-term control
no oversold signal yet
room for continuation of the correction
Key takeaway:
“RSI at 47.93 is not showing bullish divergence at this stage.”
Key Levels to Watch
Support:
S1: 965
S2: 950
Resistance:
R1: 1015
R2: 1030
Key takeaway:
“A break bellow 975 opens the door toward SMA55 at 965.”
Outlook for the Next Trading Day
If the AEX holds above 975, a short‑term bounce is possible.
However:
A close below 975 opens the path toward 965,
and a deeper correction toward the mid‑940 zone remains possible if momentum weakens further.
Upside requires a break back above 985, which would signal buyers regaining control.
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