Wolf

ESP35 soon to go bullish

FX:ESP35   IBEX 35 Index
941 0 3
The clear trend shows us that it is about to go up. The trend since June 2013 trend has been respected and so, we might see a re-bounce in the next couple days.

However, it is still going under 1000, touching the major trend line which bounced in September, December of 2013, and then again in February 2014.

In the 5 minute chart, in the latest trend we can see that the continuation to go down has been respected and seems to go down to touch in an intersection between the support level of 9960 and the red line. If this strong support level is broken, it will try to bounce at 9650.

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