AEX is forming Head & Shoulder pattern with neck line around 437.5. When neck line doesn’t hold, the AEX could drop until around 410. This will form the head of another Head & Shoulder pattern.
AEX seems to form a Head & Shoulders pattern, similar like in 2005-2008. Pattern starts with forming the left shoulder in summer 2013. And right shoulder starts February 2016. Right shoulder could make a top around end of first quarter 2017.