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...
Rajoy with Art.155 will restore confidence. Long Spain vs Germany
Never in whole history Spain has been so undervalued vs DOW in euros. Toc Toc Spain is growing at the best growth ratres since last decade, and all the independence risk is "NON SENSE". Cos its illegal and non constitutional. Which companies to invest in Spain: Telefónica Target 10.10 euros per share Prosegur Inditex Tecnicas Reunidas Aedas Homes Neinor...
Morning outlook - EUR/USD slips on Catalan referendum In line with expectations, the currency exchange rate managed to break to the top, crossing the 100-hour SMA plus another resistance level near 1.1810. During the two-day surge the pair even formed a little ascending channel. But due to referendum on independence in Catalonia the Euro lost 0.3% against the...
Spain will suffer equity inflows due to no final Referendum in Catalonia. + Possible Inverted H&S
Monday gap at 10355 Vwap at 10300 since 21th August.
If it breaks the Uptrend triangle, the target would be the lenght of the Correction. Target: 0.76 Stop loss: just below the triangle: 0.52
Hi Traders! This is my analysis on IBEX35. I think we are already going up for a new cycle, actually we are going for the third wave in it! I studied the possibility of a longer correction but the shape of the chart does not match with any of the most important complex patterns for corrective moves, so I got to this conclusion. We are looking now on smaller...
IBEX 35. SPANISH INDEX. NOT REALLY CARING ABOUT THE NEWS RIGHT NOW, JUST LOOKED INTO THIS PERFECT PRIMARY 12345 ELLIOT MOTIVE WAVE FOLLOWED BY A PROPER XWY CORRECTION. WXY STRUCTURE IS BROKEN BY AN IMPULSE. PROBABLY A NEW PRIMARY MOTIVE WAVE. LET'S WAIT FOR IT TO REACH 2 (COULD BE ALINED WITH PAST SUPPORTS AND WITH THE FIBO 61.8 LEVEL) AND THEN WE CAN TRADE...
I normally don´t watch local TV but fortunately saw the news last week while I was having a lunch. Spanish GDP is growing 3.2% since last year and I heard almost the same words that I heard in 2007: we are in front of Europe, the crisis is behind... and else, and else, and else... Just wanted to have a look at Ibex35 index, to see whether I missed some wonder or...
short ibex35 till 8300-8150 before the big party starts and we go straigt to 10500 points. Let's calm down for a few sesh before making the big long bet on the difficult ibex35
Readjusting the elliot count as the movement evolves. There is an accumulation process going on at ibex 35. Big sharks are accumulatting positions around 8700-8800 to start a major bullish rally. We will have a few bearish sessions ahead till the accumulation is done. It will be a wave III rally: strong, fast movement and tons of volume. In worst case scenario,...
$IBEX35 looking attractive for a big bounce after breaking downwards resistance that was holding back price since July 2015. The first target would be 9200 and second target 10000. Aggressive stop loss 8400, loose stop loss 8200.
A nice swing trade guys, we should be looking at lows of 8000s in the coming weeks. Enjoy and good luck