Looking at the weekly timeframe
, i can see double roof at 11200 and several bear market candles after it. Maybe if the Trend line
since Jun 2012, when the Ibex index made a floor, we can confirm the roof and change into a bear market. We´ll se what is going to happen, in the event the BCE
start it´s own ¨QE¨ maybe the bullish
market can hang in there and go up again.