ES35/ESPIXEUR "SPAIN 35" Index Market Heist Plan on Bullish SideHola! Ola! My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist ES35 / ESPIXEUR "SPAIN 35" Index Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Entry 📈 : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Low Point take entry should be in pullback.
Stop Loss 🛑 : Recent Swing Low using 2H timeframe
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Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss 🚫🚏. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
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IBEX 35 CFD
The Ibex 35 takes a pause within an upward trendThe IBEX 35 remains flat, with mixed performance among the selective stocks. The most bearish companies are those negatively affected by interest rate cuts, such as banks, while construction, real estate, and utilities, which benefit from lower rates, rose today after:
Several ECB members advocate for another interest rate cut next week after having reduced them twice this year, and financial markets almost certainly expect a cut to the deposit rate to 3.5% on October 17.
The French central bank chief, François Villeroy: the cut is likely, and it will not be the last one, depending on how inflation evolves.
Economic weakness: The economy has been stagnating, the labor market is weakening, wage growth is slowing down, and inflation has fallen faster than the ECB had predicted.
Market expectations: Investors expect the ECB’s deposit rate to fall to 3% by the end of 2023 and to 2% by the end of 2025, which is considered the neutral rate, a level that neither stimulates nor slows economic growth.
Additionally, investors remain cautious due to global uncertainty and decisions from the Fed.
Investors are waiting for the minutes from the Federal Reserve (Fed) meeting to get hints about interest rate easing in the U.S. The market estimates a 98% probability of a 25 basis point cut at the next meeting.
U.S. inflation data (Thursday) and the producer price index (Friday) will be crucial.
Uncertainty in the U.S.: Recent employment data and wage inflation have raised doubts about Federal Reserve rate cuts, strengthening the dollar and increasing bond yields.
China and the Middle East: Market correction in China and geopolitical tensions in the Middle East are affecting oil price stability and adding more pressure to international markets.
However, the IBEX 35 has an upward target activated by breaking out of a lateral range up to 12,413 points, a scenario which, in my opinion, is the most likely to materialize in the medium term.
Sergio Ávila
Analista senior de IG
Spain's Political Shift: Rising Investment RisksRecent political developments in Spain, particularly Deputy Prime Minister Yolanda Diaz's controversial pro-Palestine remarks, have strained diplomatic relations with Israel and drawn international criticism. This escalating tension raises concerns for investors in the Spanish market.
Potential for Instability: Heightened geopolitical tensions and the possibility of increased antisemitism could lead to social and political instability in Spain. This, in turn, could deter foreign investment and damage the country's international standing.
Security Risks: The recognition of Palestine amidst ongoing Middle Eastern conflicts elevates the risk of terrorist activity within Spain, further eroding investor confidence.
Market Disadvantage: Unlike the US, Spain lacks a significant presence of major technology companies. This makes the Spanish market less attractive during periods of geopolitical uncertainty when investors prioritize stability and high-growth opportunities.
Conclusion: The current environment presents a complex web of geopolitical instability, historical tensions, and potential economic disruption, ultimately leading to a volatile market with the potential for negative investment returns.
Macro Monday 27 - Headwinds in Europe but Spain thrivingMacro Monday 27
Headwinds for Europe but Spain demonstrating relative strength
As it is New Years Eve I wanted to do an early release for tomorrow.
This week we are taking a look at another major market Index in Europe and we will also look at one smaller market within this geographical location, Spain, due to its strong chart set up and promising economic data released in December 2023.
EURO STOXX 50 Index - $SE5E
The EURO STOXX 50 index is known as Eurozone’s leading blue-chip index and is designed to represent the 50 largest and most liquid companies in the eurozone.
It was designed by STOXX, an index provider owned by Deutsche Börse Group (which operates one of the world's largest stock exchanges by market capitalization – the Frankfurt Stock Exchange). STOXX have an array of interesting index’s that we might review over coming weeks.
The Euro STOXX index is composed of 50 stocks from 11 countries in the Eurozone. These are the top fifty largest and most liquid stocks. The index futures and options on the EURO STOXX 50, traded on Eurex, are among the most liquid products in Europe and the world.
The Top Three Holdings (representing 20% of overall EURO STOXX 50 index):
1. ASML Holding NV NASDAQ:ASML : Microelectronics solutions provider that offers semiconductor manufacturing equipment.
2. LVMH Moët Hennessy Louis Vuitton OTC:LVMHF : World Leader in luxury brands such as Tiffany & Co, Christian Dior, Marc Jacobs, TAG Heuer, and Bulgari.
3. TotalEnergies SE EURONEXT:TTE : This is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. The company has 100,000 employees and is active in 130 countries.
Interestingly the EURO STOXX 50 Index typically represents approximately 60% weighting of the STOXX Europe 600 Index, which is derived from the STOXX Europe Total Market Index LSE:TMI which is a subset of the STOXX Global 1800 Index. Talk about a game of Russian dolls. We will look at these other charts at another time, for now we are focused on the arrow head of the commercial European markets, the Top 50 companies in the EURO STOXX 50.
The EURO STOXX 50 Index can provide a great overview on how the largest and most liquid companies in Europe are performing in aggregate, thus giving us insight into the European commercial markets direction and the European economy. So lets take a look at the chart.
The Chart
Whilst the chart is in a general uptrend since 2009 with successive higher lows, we appear to have made a long term pennant breakout however there are a number of concerns that jump out at me.
▫️ We are approaching the July 2007 market highs and if surpassed we will then have another overhead resistance from the March 2000 All Time Market highs. These are significant resistance levels.
▫️ We could be forming a rising pennant at present so even if we breach the July 2007 highs, we have the intermittent pennant ceiling to also contend with.
Whilst these are genuine concerns, at present we are trending upwards with the 21 month SMA sloping upwards.
What to watch for?
Bear Perspective:
▫️ A breach of the 21 month moving average followed by,
▫️ A breach of the rising wedge lower boundary. NOT GOOD
Bull Perspective:
▫️ We break above the July 2007 Top and make support on it eventually finding additional support from the 21 monthly moving average as time moves on.
Would I trade this chart? No! However, it is an exceptionally interesting chart that offers valuable perspective on the major components within the European commercial markets. It provides us with an interesting perspective on the European Economy and can help us understand the broader opportunity or risks within the market.
IBEX 35 Index - BME:IBC
We are now going to have a look at the top 35 stocks in the Spanish stock market as this market has proven to be an outlier in 2023.
The IBEX 35 Index is made up of the 35 most liquid stocks traded on the Spanish stock market. Between 2000 and 2007, this index outperformed many of its Western peers, driven by relatively strong domestic economic growth which particularly helped construction and real estate stocks. In these bull markets Spain proved to have more volatility to the upside, however that obviously comes with the potential opposite downside volatility also. In any event, we can take advantage of one of Europe’s fast paced markets and consider individual stocks within it.
Spain as an outlier
I have focused in on Spain as the chart looked more promising than the markets in other European countries, thereafter I found some economic data and narratives that support this potentially strong chart set up.
▫️ Spain is the 4th largest economy of the EU - save for that of the United Kingdom - and the 14th largest in the world.
▫️ Spain is the 13th largest recipient of foreign investments in the world. More than 14,600 foreign firms have set up their business in Spain and this appears to be a continuing trend.
▫️ As recently as the 18th December it was announced that Spanish exports exceeded €320 billion from January to October 2023, an all-time high, according to government statistics.
▫️ Industries leading this boom were the automobile, capital goods and food, beverage, and tobacco sectors.
▫️ The Spanish state also confirmed that the nation has a current account surplus of 3% of GDP, the best figure recorded since 2018.
▫️ Geographically, 61.6% of total Spanish exports were sent to the European Union in October 2023, while exports to non-EU countries accounted for 38.4% of the total, demonstrating Spain’s global reach is versatile and not restricted to Europe.
Finally a quote from the Spain's Ministry of Economy, Trade and Business "The Spanish economy ……in the complex international context, has maintained its constant weight in international trade in goods and increased its share of the European market in recent years,".
IBEX 35 Index Top 3 Holdings:
1. Iberdola BME:IBE (14%) – A clean energy utility company with 40,000 employees. It constructs, operates and manages power generation plants, transmission and distribution facilities and other assets. The company produces electricity using conventional and renewable energy source
2. Inditex BME:ITX (14%) – One of the worlds largest distribution groups for the likes of ZARA, PULL&BEAR, MASSIMO DUTTI and BERSHKA. These brands are more aligned with mid-range affordability for the middle class.
3. Santander BME:SAN (11%) – The 28th largest bank I the world with 200,000 employees, 166 million customers and 1.7 Trillion in total assets (all global figures).
The top three holdings making up almost 40% of the IBEX 35 weighting are actually a nice blend of Energy, Staples and Finance. This adds to my preference to actually invest in the IBEX 35 Index as it appears to be a nicely diversified index from a review of the major holdings.
The Chart
A long term pennant has made a defined breakout of the range and found support with a bounce off the 21 month moving average.
Historically you can see the relevance of the 21 month moving average, once lost after the 2000 and 2007 top it was a clear indication to exit the market. Conversely, once price is established above the 21 month moving average you can see that you typically have good odds of upward momentum.
The advantage of watching an index like this, outside of a liquid trade, is that it gives us an indication that the Spanish market has relative strength at present and companies within the index, and potentially outside it, may offer a greater probability of returns than other markets in the Eurozone. I guess being a smaller well diversified and more nimble market in the sunny Mediterranean has its benefits.
I highly recommend you review last weeks Macro Monday which looked at how positive four large Global Index’s are looking at present. These were the Vanguard Total World Stock Index ETF - AMEX:VT , iShares Global Energy ETF - AMEX:IXC , Global X FinTech ETF - NASDAQ:FINX and the Global X Blockchain ETF - NASDAQ:BKCH
If you enjoy my coverage of these indices or would like me to cover some others, please let me know in the comments,
Happy New Year Folks, sláinte 🥂
PUKA
Strong very short-term upward momentum from the October 13th lowStock markets reverse downtrend and may have entered a “corrective” cycle
Upcoming economic events
Tuesday: US consumer confidence
Wednesday: Bank of Canada interest rate decision
Thursday: ECB interest rate decision
Friday: US personal income and consumption
Commentary:
IBEX 35 Index: Strong very short-term upward momentum from the October 13th low, current price 7,680 and faces resistance near 7,830, long positions can be technically supported provided price can hold above the 7,426 support which would intersect at a potential 40-degree tentative trend line, if trend line proves true new long positions can be supported near the 7,426 area with stops at 7,385.
Short Spain/Ibex 35So... the Spanish market has actually OUTPERFORMED all the other european indiced in the past year and actually YTD:
www.investing.com --> "Performance"
that makes no sense... a country/economy which were on the edge of bankrupcy in the last financial crisis.
Why has this economy outperformed all the other eonomies? it makes no sense .
IMO a short position for the rest of the year (if needed) should be in order.
As soon as the ECB raises the interest rates, just watch Spain (and Italy for that matter) it will go down and struggle like all the southern european countries has done for ages.
Nothing has changed - it will happen.
ESP35:IBEX DOWNTREND | NEW SHORT TRADE TRIGGER | SHORT 📉Industrial production fell 1.8% in March on month, the sharpest fall since May 2021, data from the country's statistics office INE showed Friday. In February, output increased by 0.9%.
On an annual basis, industrial production rose by a marginal 0.1% in March, the data showed.
The Spanish economy, the eurozone's fourth largest, expanded 0.3% in the first quarter over the preceding quarter, as the spread of the Covid-19 Omicron variant in early 2022 weighed on the services sector.
However, the economy is expected to pick up pace in the second quarter as a rebound in services activity will likely offset a subdued performance of the factory sector, Pantheon Macroeconomics' senior Europe economist Melanie Debono said in a research note.
Waiting On The IBEX 35 (SP35) – Indices – Daily CAPITALCOM:SP35
We are just taking a look at the IBEX 35 and not planning on opening up any positions. This trade is a bit too complicated, and there are no clear signals (because there are too many almost) to indicate which way the price wants to go.
A downward trendline from May 2017 connects a peak in February 2020. Technically from this, we can gather that IBEX is still technically in a downtrend. Even though it has dropped in price and climbed to its current position, it still has not crossed our “main” downward trendline signaling an uptrend.
There are quite a few patterns to consider in this example. We have a wedge squeezing price along with two symmetrical triangles. The grey support line indicates a hard support level which is also supported by a round number (SAR round number). Additionally, the valleys are supported by high volume, and when this is the case, you can be assured price will probably come to a halt there. Along with the downward resistance line running across the double top, that support line forms a tightening flag.
If we have to consider these patterns, we can take into consideration that a partial decline has taken place, and it has retraced to the 50% level of the Fibonacci Retracement level.
We can also see a level of HCR (Horizontal Consolidation Region) at the level of support. There is a channel to the left and above, close to the second part of the double top. Both these areas are areas that could halt price movement, but they are so close to the price already that they might not cause any problems.
In terms of the small symmetrical triangle, we can see that the price has reached its apex and some form of a break is imminent. However, if we look at the larger symmetrical triangle, we can see that the price still has room to move before we can come to any conclusion.
If we had to assume that IBEX #% was currently in an uptrend due to the fact that it has been moving up since October 2020, we could see that two trend lines cut through price. One creates the larger symmetrical triangle while the other is used to evaluate if a downtrend has begun again.
By using the 1-2-3 change method, we can see that IBEX 35 is headed in a downtrend but has not closed at the 3 mark, which is the price of 8060. Although, the double top was confirmed with the HCR.
I would not personally enter any position here until I see where the price is going to go. In order to go short, I would wait for the price to move and close below the two support lines and at the 3 mark.
For a long position, I would actually wait until it crossed the massively long downward trendline that is still a level of resistance. You can see this because it reversed when the price tried to reach it twice (the double top). The price would have to close at around 9368 for me to consider a position trading opportunity for a long position.
Hence for the moment, we’ll just sit and wait to see what IBEX 35 is going to do.
Enagas: Top pick for a dividend strategyWith a yearly dividend yield of 6.6%, it is at the current moment one of the bests in the Spanish stock exchange. Moreover, from the technical analysis perspective, we have a strong support level on the daily chart (19.47 from last candle) and on the weekly chart (17.71). We have in our HT 200 portfolio for the long term and so far we have +10.70% + dividends. 2022 looks a year for value investing and dividend investors, as they are become more risk averse in comparison to 2020 and the increasing inflation, so we believe companies such as Enagas, with a reliable net income in all quarters, offer a safe heaven for these type of investors.
IBEX 35 is back, next stop 9066Here at Human Traders we've analyzing closely the IBEX 35. Remember, this one does not include dividends as the DAX 40 does. The IBEX 35 will test again the MEGA resistance level, next top on 9066 points. If the resistance level is broken out, the next stop will be on 11400, and then, there will be no limit at all. We are long on this one as the general outlook of the market remains positive and this week we've seen huge bullish signals across all indicators and price movement.
IBEX35 ANALYSISThe wave you see in the future price on the chart is a schematic of a possible price trend and will not be formed just to clarify the possible price movement.
This is a personal analysis and should not be considered a criterion for buying or selling. Please pay attention the Take profit and Stop loss
IBEX 35 - Cold Spanish Winter ESP35 or IBEX35 chart is a classic 'Go Short' example.
We like to hedge (Buy the strongest/ go Short on the weakest) and this one in particular is (still) the definition of the second category:
-The European Commission lowered its forecast for Spanish growth this year as the country's recovery from the COVID-19 pandemic lagged behind other European nations.
The commission estimates that the rise of Spanish gross domestic product will be 4.6% this year and 5.5% next year, almost two points less than earlier forecasts of 6.5% this year and 7% in 2022.
- in Spain — the eurozone's fourth-largest economy — GDP is 6.6% below 2019 levels.
(Germany has narrowed the gap to 1.1% compared with pre-pandemic levels, and France has reduced the difference to just 0.1%).
- Weak household spending and supply chain bottlenecks are weighing on the post-pandemic rebound.
- According to Brussel s, Spain is the only EU country where economic activity will not return to pre-pandemic levels before 2023
Charts never lie. IBEX is expected to take a dip further. In the meantime it's our way to hedge our Long positions on other indices (as well as part of our exposure to Bitcoin...)
One Love,
the FXPROFESSOR
ercros solid chemicals company, on a weekly tf is forming a cup and handle, but for now better look at lower tf.
ibex35 looks fighting with the 9000pts resistance zone, but i have no doubt it will surpass it due to EU not easing QE, this might drag up with it this shit.
technicaly formed a reverse H&S, had a false break thru, quite big one, but spanish stocks are quite a mess by this point of view. the final pattern's target is very close to the 1.6 fib extention.
IBEX 35 about to be super bullishMonthly timeframe draws a macro descending resistance going back to 2007. This line has meant a significant bounce each time price touched it.
This time the resistance is coliving with monthly ema 200 which brings me to expect another bounce although this time it might not be significant. Price is moving upwards inside an ascending paralel channel for few weeks now and the TVC:IBEX35 has been showing strength when touching the downside.
On a daily basis, a bounce at 8.950-9.000 down to weekly ema 200 and the downside of the channel at 8.750 on a quick visit to this level would be the natural price retracement enough to take air, reload, and then finally trespass the 9.000 level among with the ema9 and 200 cross on the weekly.
An alternative would be to succeed at first attempt and then retest 9.000 as support, I do see this level as a significant barrier so I expect the price to retest it either way.
Let's see if the market is ready enough move to continue upwards!
PS: This is general market information for educational and entertainment purposes only, and does not constitute investment advice.
#IBEX35: Third COVID-19 wave coinciding with bearish bat patternSome regions of Spain have hardened anti-covid19 measures in order to stop (not even reduce) the contagion. For example, Catalonia's new measures are municipal confinement from the 7th to 17th January, with shopping malls and gyms closed. However, EURUSD getting higher might seduce investors to invest in Spain, a strongly punished market since March 2019.
From a technical perspective, a bearish bat pattern seems to have taken place and I expect the index to close it at 8500 level around January 18.
Happy new year everyone and feel free to comment!
IBEX35 H16: BEST Level to SHORT IT +15%/+30% gains(SL/TP)(NEW)Why get subbed to me on Tradingview?
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-24/7 uptime so constant updates
IBEX35 H16: BEST Level to SHORT IT +15%/+30% gains(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: IBEX35 H16/candle chart review
::: market disconnected from reality
::: huge surce in COVID cases
::: massive lockdowns
::: economy melting down fast
::: bearish fractal in progress now
::: short-term bullish/more gains
::: HOWEVER heavy resistance overhead
::: 8600/9000 points heavy/final resistance
::: get ready to SHORT from overhead
::: BEARS will take over soon
::: lower risk setup is SHORT
::: get ready to SHORT HIGH later
::: once we hit resistance at 8600/9000
::: TP BEARS TP1 +15% gains TP2 +30% gains
::: SHORT/HOLD setup with great risk:reward
::: BEARS TP FINAL is 12 400
::: recommend to SHORT/HOLD
::: recommended strategy: SHORT/HOLD
::: 8600/9000 reversal level to SHORT IT
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 6200 fresh demand zone
::: 8600/9000 fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BULLS
::: Sentiment outlook mid-term: BEARS
IBEX the growth of Spanish stocksIBEX the growth of Spanish stocks
IBEX35 is the benchmark stock market index of the Bolsa de Madrid, Spain's principal stock exchange. This index has started in 1992. The index includes 35 Spanish stocks traded on the general index of the Madrid Stock Exchange.
In the 360-minute chart, if we consider the downtrend up to the range of 5814.3 as 5 waves, the price is correcting this downtrend with a Double zigzag pattern which is formed at the end of the X wave, in an Ending Diagonal pattern, if the price crosses through the range of 7018, which is the end of Wave 4 of this pattern , we can be hopeful for the advent of an uptrend for the targets 7654 and then 8456.
On the contrary the assumed range of this analysis would be 6329