sumastardon
Long

Spanish Index 7 to 1 shot: IBEX Break above 10470 =11180 target

TVC:IBEX35   IBEX 35 Index
IBEX Index: Woes over Catalonia haven't really damaged this index at all. Because it ain't going to happen. They have no currency. End of. Anyway, whatever happens there, charts don't lie (more than politicians anyway).
This index has been making a classic 6 month continuation pattern before it bursts higher again. Don't want to get sucked in too early but that's the way it's looking so far...if pattern completes as it should, get ready (set alert) to go long on a break above 10470 for a 700 point rally to 11180, using a stop placed about 50 points under the upper parallel, or as per comment
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