Get started
Spain 35 IndexSpain 35 IndexSpain 35 Index

Spain 35 Index

No trades
See on Supercharts
Overview News
Ideas
Discussions Seasonals

SPA35 trade ideas

IBEX 35 - SPAIN Forecast One of my all time favorite Indexes to trade in. Ibex has been very under pressure due to Spain's economy not performing as rest of the major European countries. However it still closed around 14% YTD last year. Ibex has been range bound for the last couple of months and has been on a constant descending pattern. It has not showing strong recovery over the last few quarters. Ibex has to close the daily candle above 10600 to give any bullish signal for the year. It is sitting at a major resistance level right now and a break above that level would mean that we can now see 11,000 mark once again. But due to the strong resistance level between 10490-10600 we can see some pull back from here to the early 10,000 again. A strong sell from that point can take the index to the lows of 9400-9700 Area which at this point looks highly unlikely but a major sell off in the equities market and strong Gold and commodity prices and crypto currencies can shift the buying towards the more performing markets. Over all I am neutral for this Index. We can take multiple trades at key levels and do some profit taking on several occasions due to the index being range bound. Holding on to the index for a long position is not recommended.
BME:IBCLong
by shaxrashid
IBEX35 - Madrid Stock Exchange Crash - Long-Term SELLIBEX35 has formed a Running Contracting Triangle after the decline caused by 2007-2008 Recession. Current Wave Count is implying that IBEX35 would push higher so that the Triangle Pattern would complete and after that resuming the down-trend caused by the up-coming Market Crash. * More details in private only for Members. * We see a Market Crash correlation with all Indices, globally. * More detailed views available for our Members. IBEX35 - Market Crash SELL Position: Entries: - Moderate: 11500.00 - Conservative: 12500.00 SL: 13500.00 Targets - 9000.00 / 7000.00 / 5000.00 / 2525.00
TVC:IBEX35Short
by EW4X
IBEX35 upward reversal pause Up until September TVC:IBEX35 and DAX were moving downwards in a tandem, but DAX then made a sharp and quick reversal leaving it's Spanish peer behind (see 4 hour chart) . Fast forward to the end of October and the Spanish bulls have returned with vengeance reversing the long term trend. The market moved fast, way too fast and it's not surprising that it retreated just as quickly as it rose. Looks like the market found a very strong support clearly visible on 15 minute chart. If IBEX reversal is going to be anything like that DAX has seen, it's likely to retreat a little bit more as signalled by bearish pennant before resuming the uphill journey at a less steeper level.
TVC:IBEX35Long
by jamaldwayne
2
Ibex Index: looking to go long again here for 800 points upside IBEX Index: IBEX 35 Update After getting long on the break above 10470 we got stopped out at 10525 for a small 55 point profit... Now this index has come back down to the breakout zone once more for what should be one last kiss before the rally recommences. It should find support between current values at 10362 and about 55 points lower, at 10310 at lowest... (same amount as recent win on this index) off the upper parallel. So am looking to go long again from the 10362-10310 range with a stop just under 10300, looking for a move back up to the highs at 11168 (about 800 points) between now and early spring 2018. So about 60 points downside risk and 800 points upside if it works out...
TVC:IBEX35Long
by sumastardon
IBEX Index: Last chance to get long for 1346 points updsideIBEX Index: IBEX 35 Going well so far after breaking above 10460-10470 overhead supply. Minor resistance at 10600 but it shouldn't come back much below 10550 now (stops under here by 20 pips or so) so giving another chance to get long here with a small loss if wrong. It should rally to 10761 once 10600 is broken through, consolidate a little there and then rally further to 11168 - and then after another bout of consolidation to 11576 and then, last push to 11888 target. About 1346 points upside and around 20 points downside from here.
TVC:IBEX35Long
by sumastardon