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IBC reached the range forecasted and turned down. New lows ahead

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IBEX 35 Index (BME:IBC)  
SkylinePro  
BME:IBC   IBEX 35 Index
Trend Analysis Wave Analysis Technical Indicators IBEX 35 Index (BME) spain europe index Indices indice
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IBC reached 7,992 and turned down as we forecasted in our post of May 31. The downtrend should reach new lows. In the current wave pattern we could see a counter-trend move up to around 7,650, before the downtrend continues. If price crosses up 8,019 this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
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