BME:IBC European markets doing very well, one of them is the SPANISH market with FX:ESP35 IBEX 35 having a beautiful return. It stands out as an alternative market, with an index full of traditional companies ( CA, ITX, REP, SAN, TEL)and lacking in technological companies, nor metals, nor tariffs, it does not seem that TRUMP can ruin the image of the beaches of Ibiza or the exquisite Spanish chorizo. With a sustained growth in its economy and positive results in its companies and without forgetting that political stability has returned once the proposal of Catalan independence movement has been annulled.
Trade active
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*correction, I was refering to BME:TEF instead of BME:TEL
Continue the optimism, let's see where it closes, if it is above 9600 or what ... a couple of hours and then until Tuesday
Trade active
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After a low open, european markets find a good support and having a good rebound and with american futures in green at this hour, market closes apointing to up slowly
Trade closed: stop reached
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After these announcements, all the markets are in a big stress, at this hour stop loss activated and turned for SHORT positions, identifying support targets
After all, not a bad day, not a terrible week, good oportunity for European markets to have autonomy stay a little aside from the trade war and become a refuge market, UK does the same thing, it keeps a little quiet and separate.
Spanish market and european markets in general doing well , but still some resistances to watch to consolidate #bullish sentiment and mainly waiting for SPX reaction to prinpipal downtrend of the last 2 months.
Here bellow updates supports & resistences: #IBEX #IBC