Ibex35 has been able to sustain its position around the support area and should be really for an upside Rally in the coming days/weeks all the way to the top from where it all started. Yes, It will take at least a month for this trade to complete so be patient with it.
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 .
BME:IBC FX:ESP35 TVC:IBEX35
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) Above the downtrend line (yellow), still remains 4 interesting resistances: 50 EMA, 100 EMA, 38.2% fibonacci (9826) and the week's ...
One of my all time favorite Indexes to trade in. Ibex has been very under pressure due to Spain's economy not performing as rest of the major European countries. However it still closed around 14% YTD last year. Ibex has been range bound for the last
couple of months and has been on a constant descending pattern. It has not showing strong recovery over the last ...
The Spanish economy is the fifth-largest in Europe behind Germany, United Kingdom, Italy and France; and the fourth-largest in the Eurozone, based on nominal GDP statistics. In 2012, Spain was the twelfth-largest exporter in the world and the sixteenth-largest importer. Following the financial crisis of 2007–08, the Spanish economy's plunged into recession, ...
The IBEX 35 is the benchmark stock market index of the Bolsa de Madrid, Spain's principal stock exchange. Initiated in 1992, the index is administered and calculated by Sociedad de Bolsas, a subsidiary of Bolsas y Mercados Españoles (BME), the company which runs Spain's securities markets (including the Bolsa de Madrid). It is a market capitalization weighted index comprising the 35 most liquid Spanish stocks traded in the Madrid Stock Exchange General Index and is reviewed twice annually. Trading on options and futures contracts on the IBEX 35 is provided by MEFF (Mercado Español de Futuros Financieros), another subsidiary of BME.
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