Ibex35 still very bearishSupport values at 7500 level from 2012-2013 are at the very long direction of the index. The IBEX35 should go to 7500 before any serious "bull" approachShortby Ernesto_ArroyoRon0
IBEX 35 IDEA [UPDATE]We have IBEX 35 doing the same movement as did at 2010 wich it's paired with a support and the 60% fib. RegardsLongby UnknownUnicorn1297750
IBEX35 - Back to the future?Some beautiful symmetry on this index. As the world has a mini melt down in 2016 I'll be looking around 7,000 level to find support and hopefully mirror the move from 2008 to take us up and hopefully beyond 12,000 by Genghis2
Spanish Bull SharkBullish shark pattern at median line and the head & shoulders target area with bullish RSI divergence.Longby BaliShag224
IBEX 35 ShortWell... After all this news, this index is so overbought and on critical levels of resistance, we should see this one going down sooner than later. RegardsShortby UnknownUnicorn1297751
(J) Trade 7: Speculating on Trend Resumption #IBEXUpdate: Target Reached without entry Trade Cancelled. =========================================================================== Trade 7: Pending Long IBEX35 @ 10,800 S.L @ 10590 T1 11,160 T2 11,585 For $29,798.94 Balance, Position size = 0.4 lot (0.2+0.2) . Risk= 4(position size) x0.8(point value per 0.1 lot)x210(stop loss)=$672 ~ 2.2% of Balance. =========================================================================== Reasoning Long term trend is up 200 Days SMA forming support Multiple hammer candles at 200-days Average 1.271 extension of recent bullish wave Fundamental factor: Any minor progress on Greece will probably lead to a major rally, as economic conditions improved recently in the euro area and ECB continues to pump money through QE. Don't forget to click the Thumbs Up Wish me luck and best of luck for everyone. For Trades rules and guidelines follow this link My best regards Technician Subscribe to my trading portal thefxchannel.com Longby Technician272766
Unemployment in Spain 23.2 percent. Market index up 100 percent.Spain could be facing the same outcome as Greece. But a much bigger economy.Shortby chrisbrecher2
Finds support at prior resistanceGood looking setup as the index rebounded of previous resistance forming a long pin bar. Good risk reward ratio trade as well. Longby EagleTrades226
IBEX Short Term Elliott Wave Analysis 4.30.2015Short term Elliott Wave view suggests rally to 11883.6 completed wave (Y). Decline from here is taking the form of a double three or WXY structure when wave W ended at 11301, wave X ended at 11684.3, and wave Y lower is in progress. Wave ((w)) of Y ended at 11259.1, wave ((x)) of Y bounce is currently in progress and could retrace 50 – 61.8% (11471.7 – 11521.87) of the move lower from 11684.3. As the proposed wave ((x)) bounce holds below 11684.3 high, expect the Index to continue lower towards 10963.75 – 11101.63 area before it turns higher. As the decline lower is represented with a dashed line, we don’t like selling the Index and expect the Index to find buyers in 10963.75 – 11101.63 (equal leg – 1.236 extension area) for a 3 waves higher at minimum as per Elliott Wave hedging idea. --------------------------------- Twitter: cmellon1976 Website: elliottwave-forecast.comLongby EWForecast2
Retesting Previous Major ResistanceThe index is retesting the previously broken high, it look like a Good level to look for long positions towards 12255 next resistance.Longby EagleTrades3
Uptrend continues?Open 3 positions or more for the two main targets with additional positions for a continuation. Move stops to protect positions once price has cleared them. Good Luck!Longby HexVex111
Long Spain after broken important resistance and bullish pin barUPDATE 5/5: Stopped out on both positions. Result: -2R Two entries: 1. Buy limit half of 26/03 pin bar, s/l under horizontal support, t/p around highs on monthly chart, R:R 3,5:1 2. Buy stop top of 26/03 pin bar, s/l under horizontal support, t/p around highs on monthly chart, R:R 2:1 Let the euro QE roll...Longby jazzik0
España Challenging Sideways ResistanceWatch-out España traders, the IBEX is challenging the major key long term sideways resistance or ceiling. Typically, in sideways markets, we expect price to reverse to the downside. However, this time might be different, as the price test the level for sixth time. The latest test(March 2) was followed by a minor pullback and a bullish pin bar. I would think twice before going short at that resistance for now. why? For the first time , the ECB is pumping money for free with its new asset purchase program. History and the FED have taught us what happens to equities when central banks go full throttle. We might see a reactive correction but i advise waiting for a candlestick confirmation for such scenario and look only for limited downside potential. A breakout above 11235 resistance with at least a weekly closing would confirm the bullish breakout. I wont suggest targets for this scenario as this idea is just a general opinion... ------------------------------------------------------------------------------------------------------------------------------------------------------------ Be one of the first members of my new trading portal, check my new website thefxchannel.com , vote and subscribe. Thank you Good luck, keep your stops tight.. twitter.com www.facebook.com plus.google.com My best regards Technician by Technician4412
Spain IBEX - Stuck and Complex If the QE was meant to help peripherals, so far it s not working as planned (for Spain at least). I keep this one on the radar - It is not driving but is a good metric to see if the plan is working or not.by YaKa0