IBEX confirmed the head&shoulders with the break of the 2yr support at the beginning of the year. It's is inside of a downtrend line since july 2015 and it is arriving to a good point to open shorts. Since it tested 7900 points it start a ABC correction that meets with the 50% fibo. For the next months, i expect the 5th impulsive elliot wave.
RSI arriving to...
After falls at the beginning of the year, S&P 500 tested the huge support at 1800 and completed a double bottom figure which target has just been achieved.
S&P 500 has arrived at the downtrend line that is active for almost 1 year.
RSI breaking trends and showing triple down divergences.
Price has just completed 5 impulsive Elliot waves, so now it's time...
