The IBEX 35 futures rose during the session again on Monday as the market still looks very healthy in Spain. The fact that we have gone over the €8200
The IBEX 35 futures rose during the session again on Monday as the market still looks very healthy in Spain. The fact that we have gone over the €8200 level and stayed there for a couple of sessions now suggests to us that we will continue much higher.
This is mainly predicated upon the idea that the European Central Bank has stepped up and offered to back the Spanish debt markets. With that potential monetization of debt, we could see a flight into equities all over Europe, with Spain being especially attractive now. Because of this, we buy this market only, and will do so on a break of the highs from the Monday session.
IBEX 35 Futures Forecast December 26, 2012, Technical Analysis
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
