The Spanish Ibex 35 has turned Bearish, with a break below a key resistance point.
Shorting the index until first Target support-resistance at 6550. Trend is invalidated if it breaks the overhead resistance trendline at 6974.
Target: 6550
Exit if invalidated: 6979
Shorting the index until first Target support-resistance at 6550. Trend is invalidated if it breaks the overhead resistance trendline at 6974.
Target: 6550
Exit if invalidated: 6979
Trade closed: target reached:
Target moved down to 6429 due to early breakdown below 6550.
Target reached on 28/10.
Profit: $46,000 (300%)
Target reached on 28/10.
Profit: $46,000 (300%)