After braking the support line over 1,2080 it's obviously that short positions will be the trendtopic. With the expected news of Central Bank Europe the euro will take down a bit more probably until 1,1200 expected, if europe still having bad reputation with greece elections and it's economy recesion could end the year pairing 1 to 1. Watchout corrections that...
The most probably it's to go short positions the next week because of the macro-economy news. So the stop loss will be at 9820(the max. of today) and probably target around 9725. Exist a probability that the market changes on long, so in case it happens the target will be up 9830 to get around 9900points. Be aware at the macro-news, and of course about Sacyr SA...
the first conclusion of the chart it's that we have a reversed shoulder-head-shoulder figure that could end breaking the line of 10000 points going up to get the 11000-11400 points. But attention the highest prices of the year has been around the area of the 10000 points, so it could be touched the big resistance line on a tripple roof and going down to the next...