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SP35 trade ideas

IBEX35 - Madrid Stock Exchange Crash - Long-Term SELLIBEX35 has formed a Running Contracting Triangle after the decline caused by 2007-2008 Recession. Current Wave Count is implying that IBEX35 would push higher so that the Triangle Pattern would complete and after that resuming the down-trend caused by the up-coming Market Crash. * More details in private only for Members. * We see a Market Crash correlation with all Indices, globally. * More detailed views available for our Members. IBEX35 - Market Crash SELL Position: Entries: - Moderate: 11500.00 - Conservative: 12500.00 SL: 13500.00 Targets - 9000.00 / 7000.00 / 5000.00 / 2525.00
TVC:IBEX35Short
by Lionheart-EWA
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: looking to go long again here for 800 points upside IBEX Index: IBEX 35 Update After getting long on the break above 10470 we got stopped out at 10525 for a small 55 point profit... Now this index has come back down to the breakout zone once more for what should be one last kiss before the rally recommences. It should find support between current values at 10362 and about 55 points lower, at 10310 at lowest... (same amount as recent win on this index) off the upper parallel. So am looking to go long again from the 10362-10310 range with a stop just under 10300, looking for a move back up to the highs at 11168 (about 800 points) between now and early spring 2018. So about 60 points downside risk and 800 points upside if it works out...
TVC:IBEX35Long
by sumastardon
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
Spanish Index 7 to 1 shot: IBEX Break above 10470 =11180 targetIBEX Index: Woes over Catalonia haven't really damaged this index at all. Because it ain't going to happen. They have no currency. End of. Anyway, whatever happens there, charts don't lie (more than politicians anyway). This index has been making a classic 6 month continuation pattern before it bursts higher again. Don't want to get sucked in too early but that's the way it's looking so far...if pattern completes as it should, get ready (set alert) to go long on a break above 10470 for a 700 point rally to 11180, using a stop placed about 50 points under the upper parallel, or as per comment
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
IBEX 35: Buy On Bad NewsThe Spanish economy is the fifth-largest in Europe behind Germany, United Kingdom, Italy and France; and the fourth-largest in the Eurozone, based on nominal GDP statistics. In 2012, Spain was the twelfth-largest exporter in the world and the sixteenth-largest importer. Following the financial crisis of 2007–08, the Spanish economy's plunged into recession, entering a cycle of negative macroeconomic performance. Compared to the EU's and US. average, the Spanish economy entered recession later (the economy was still growing by 2008), but stayed there for longer. The economic boom of the 2000s was reversed, leaving over a quarter of Spain's workforce unemployed by 2012. In aggregated terms, the Spanish GDP contracted by almost 9% during the 2009-2013 period. In 2015 the Spanish GDP grew by 3.2%, a rate not seen since 2007, before the crisis struck; such growth rate was the highest among larger EU economies that year. In just two years (2014-2015) the Spanish economy had recovered 85% of the GDP lost during the 2009-2013 recession, which got some international analysts to refer to Spain's current recovery as "the showcase for structural reform efforts". Strong GDP growth was registered also in 2016, with the country growing twice as fast as the eurozone average. In this regard, the Spanish economy is forecast to remain the best-performing major economy in the Eurozone also in 2017 Source: en.wikipedia.org Cls: The IBEX-35 is showing a multi year triangle pattern. Even the political tensions based on the Catalan Independece Referndum en.wikipedia.org is threatening short or medium term economic growth in Spain the IBEX35 should rise further and gaining momentum to the upside. First Longterm Target is 16.000 points.
BME:IBCLong
by SwissView
1