Quarterly Outlook
Fixed Income Outlook: Bonds Hit Reset. A New Equilibrium Emerges
Althea Spinozzi
Head of Fixed Income Strategy
Technical Analyst, Saxo Bank Group
AEX 25 / NETH25 cfd with a higher close in the Index yesterday the RSI divergence was cancelled.
Resistance at around 781 however, could be a hard resistance to crack in first take but a close above could push AEX to test the July peak at around 795.
A close below 759 will reverse the uptrendBEL20/SWISS20 cfd if closing above resistance at around 3,632 there is upside potential to strong resistance at around 3,728
Uptrend demolished if closing below 3,575CAC40/FRA40 cfd is at the time of writing breaking above the resistance at around 7,405. If closing above there is potential to 7,526
A close below could be the start of a correction down to around 7,300
RSI is still in positive sentiment with no divergence supporting higher Index levels
SMI20 Trading in a rising channel is at the time of writing trading above minor resistance at 10,963 crawling higher towards strong resistance at 11,068.
The declining 200 DMA is adding to the resistance strength
A close above 11,068 next resistance is at around 11,245
To reverse the uptrend a close below 10,720Disclaimer
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