Quarterly Outlook
Macro Outlook: The US rate cut cycle has begun
Peter Garnry
Chief Investment Strategist
Technical Analyst, Saxo Bank
AEX Amsterdam testing May lows around 662. A test of March lows at around 652 is likely. If we see a daily close below 652 there is not strong support before around 603. RSI on Weekly has broken rising trend indicating lower levels in coming weeks.
After closing a few points above strong support at 3,758 continued selling pressure Monday has pushed BEL20 Index below support. IF BEL20 is closing below 3,758 there is no strong support before March lows at around 3,567.