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IBEX 35 CFD

IBEX 35 - SPAIN Forecast One of my all time favorite Indexes to trade in. Ibex has been very under pressure due to Spain's economy not performing as rest of the major European countries. However it still closed around 14% YTD last year. Ibex has been range bound for the last couple of months and has been on a constant descending pattern. It has not showing strong recovery over the last few quarters. Ibex has to close the daily candle above 10600 to give any bullish signal for the year. It is sitting at a major resistance level right now and a break above that level would mean that we can now see 11,000 mark once again. But due to the strong resistance level between 10490-10600 we can see some pull back from here to the early 10,000 again. A strong sell from that point can take the index to the lows of 9400-9700 Area which at this point looks highly unlikely but a major sell off in the equities market and strong Gold and commodity prices and crypto currencies can shift the buying towards the more performing markets. Over all I am neutral for this Index. We can take multiple trades at key levels and do some profit taking on several occasions due to the index being range bound. Holding on to the index for a long position is not recommended.
BME:IBCLong
by shaxrashid
IBEX35 upward reversal pause Up until September TVC:IBEX35 and DAX were moving downwards in a tandem, but DAX then made a sharp and quick reversal leaving it's Spanish peer behind (see 4 hour chart) . Fast forward to the end of October and the Spanish bulls have returned with vengeance reversing the long term trend. The market moved fast, way too fast and it's not surprising that it retreated just as quickly as it rose. Looks like the market found a very strong support clearly visible on 15 minute chart. If IBEX reversal is going to be anything like that DAX has seen, it's likely to retreat a little bit more as signalled by bearish pennant before resuming the uphill journey at a less steeper level.
TVC:IBEX35Long
by jamaldwayne
2
IBEX Index: Last chance to get long for 1346 points updsideIBEX Index: IBEX 35 Going well so far after breaking above 10460-10470 overhead supply. Minor resistance at 10600 but it shouldn't come back much below 10550 now (stops under here by 20 pips or so) so giving another chance to get long here with a small loss if wrong. It should rally to 10761 once 10600 is broken through, consolidate a little there and then rally further to 11168 - and then after another bout of consolidation to 11576 and then, last push to 11888 target. About 1346 points upside and around 20 points downside from here.
TVC:IBEX35Long
by sumastardon
Testing support as the Catalan saga continues10,000 is a support zone: - Broken trend line (resistance should turn to support) - 50 MA line - Psychological level 10,500 is resistance Bullish scenario - IBEX will climb to 11,000 if it will hold above 10,000 and break above 10,500 Bearish - In case that 10,000 will break, IBEX will slide back into its downtrend zone and continue towards 9000 Read more about IBEX, EURUSD, DXY, SPX, GBPUSD and Bitcoin in this week's newsetter (#WeeklyMarketsAnalysis)
TVC:IBEX35
by themarketzone
SPANISH SHARES BANCO POPULARAfter a good impulse, a flag contracting pattern is being formed. I am expecting this to trully rise, the reward on this type of shares is insane, as they are less than 1 unit, you can buy a lot of units and every cent it moves, gives you an insane reward. There is two possibilities, buy in the E or buy the break out. I will personally probably buy the E as I am a risky guy and I want to make the most of this. By the way I already have a long term position on this with 2k shares at 0.96. expeting to rise to 1.3 to make at least 700 bucks. Have a great week.
PLong
by lluiszardoya
2