IBEX 35DO or DIE! Good indicator for short term market direction. If Spanish banks (look at SAN) can survive these days with no bigger corrections, EWP is already at attractive 4th wave EW levels.by piloteiat110
IBEX (Spain) & S&P ratio EWStrong support here. If it holds there is a great possibility that the markets will go higher.by piloteiat0
Spain's Ibex 35 looking for a pullback.Spain's Ibex 35 is looking like it's starting a correction. The Williams%R gave a sell signal by breaking 20. Also, from previous high to current high there was a turn window using Lucas Series #'s. There is another Lucas Series # from June 2012 low to current highs that is signaling a turn window. With two turn windows pointing to the same area, the Ibex reached a 1.272 extension = level of confluence giving sign of a pullback. I believe it could pullback to the 50% to 61.8% fib levels as support, a break below the 61.8 fib would not be good for the Ibex's current bull run. Shortby fxtrader661
$IBEX (#ESP35) - TG 1, 2, 3 Hit Dead-On - TG-4 = 9803 ReversalSignificant reversal expected at $IBEX: TG-4 = 9803.Shortby 4xForecaster0
$ESP35: Reached all targets - Eyeing significant resistanceAll 4xQuad forecast targets (TG-1 = 9465 and TG-2 = 9527) have been hit dead-on (See our Dead-On Hit List here: bit.ly) At this point, 4xQuad is signaling a significant resistance level valued at 9711 David Alcindor Head Trader 4xQuad, LLC Denver, CO USAShortby 4xForecaster0
Spanish Index 5 wave formationBlue lines represent resistence, currently at big resistenceby vlad.adrian110