YaKa

IBEX - Spain - On cliff for a dive

Short
FX:ESP35   IBEX 35 Index
236 views

The European QE is pending - It is largely in the media for a long while now.

I doubt equities would be trading where they are if they expected something great to come (this is speculative, i acknowledge).

IBEX is on a cliff that rejected up twice in weekly close...

The third attempt down may break the elastic this time and there is 25% free fall zone.

In any case: very pivotal supported zone that shall launch something rather soon.

My view: down.

Short 10% stop 11000... TP 8000.

Comments

Yeah Man
+1 Reply
YaKa jangseohee
nice one.
-1 Reply
the best part, ours converge!
Reply
Other way to look at it.
Reply
YaKa YaKa
on this last chart, if thing turn bad, we cold see the same bottom in 2/4 yrears than we had in 2002... a proper lost decade.
Reply
the spanish economy is fading gradually
Reply
YaKa jangseohee
which metric do you look at?
-1 Reply
your downtrend channel if it is valid
Reply
YaKa jangseohee
so to be correct: the price is fading.. that is a fact so far... as for the economy: we need to check the real gdp figures, the employment, the credit etc...
the price does not necessarily tell you the economy and vice versa..
Reply
There won't be a European QE as long as Germany is in the EU.
Reply
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