I started trading in 2013 and I followed the American indices, SP-500, DOW-30, NASDAQ - 100 (they look about the same) .European indices DAX-30, IBEX-35, FTSE-100. And each of them shows the economic situation of the country .
I love Economics, but what I've seen over the years – it was a bubble blowing, a cycle. Now there are a lot of offers to invest in shares...
IBEX Elliott Wave sequence from 12.28.2018 low remains bullish , favoring further upside. Near term, the rally from Feb 11, 2019 low (8834.3) is unfolding as a zigzag Elliott Wave structure. The first leg of this zigzag wave A ended at 9361.4 as a 5 waves impulse structure. Wave B pullback ended at 9106.97 as a Flat Elliott Wave structure. Down from 9361.4, wave...
Here we have a very important flow forming after a soft ECB via revised forecasts for growth, inflation and TLTRO's.
We have reached heavy resistance at 9,280 and a global slowdown will be enough to seriously damage the downside. From a technical perspective this would also satisfy the ABC from the 2015 highs.
On the FX side, please find attached the flow for...
IBEX short-term Elliott wave view suggests that a decline to 8850.20 low ended red wave A of a zigzag structure. The internals of that decline unfolded as 5 waves impulse structure where black wave ((i)) ended at 9471.20 low. Black wave ((ii)) ended in 3 swings at 9542.80 high. Black wave ((iii)) ended in lesser degree 5 waves at 8971.30 low. Then...
IBEX short-term Elliott wave view suggests that a rally to 9668.31 high ended blue wave (X) bounce. Down from there, the index made a declined in 5 waves impulse structure. And ended red wave A of a zigzag structure at 8850.20 low. Where the lesser degree black wave ((i)) ended at 9471.20 low. Up from there, a bounce to 9542.80 high ended black...
Ibex flat for a long period of time, actually it looks quite similar as in 2011 and then in 2012 touching 6,065 points. Is it going there again? Maybe no, but too close of. Why? That's the risk for flat assets.
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Spain Index sitting at resistance level and trying to breakout by forming a bullish candle. We will see in time if its a fake bullish engulf candle or a real body breakout . A clear breakout will determine whether it is set up close the gaps formed above or will it fall back .
Supports levels (11700) had worked and futures ended in positive territory
Positive expectations in the European markets, after the worries of Wall Street subside, the technical analysis tells us that we have entered an area far from the minimum of the year and waiting to rise slowly as it goes overcoming resistances.
1) Good news DY1! broke out...
Fairly clean cup'n'handle consolidation in an uptrend.
Broke out >6 months ago, and has now done a hard retest (on extreme US market drops). Looks like stops have swept aside.
Looks ready for a move up.
Minor descending wedge could be used an entry trigger.
Look for any buy set ups since we are looking for upside in the IBEX 35. Check my past analysis to understand the general structure. I predicted the last uptrend impulse.
Busquen cualquier oportunidad de compra ya que buscamos recorrido alcista en IBEX 35. Chequead mis anteriores análisis para entender la estructura general. Predije el...
IBEX Index: IBEX 35 Update
After getting long on the break above 10470 we got stopped out at 10525 for a small 55 point profit...
Now this index has come back down to the breakout zone once more for what should be one last kiss
before the rally recommences.
It should find support between current values at 10362 and about 55 points lower, at 10310 at
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...