The IBEX 35 Index fell during the session on Monday, as we continue to grind just below the €8000 level. With that being said, we are towards the top of
The IBEX 35 Index fell during the session on Monday, as we continue to grind just below the €8000 level. With that being said, we are towards the top of the consolidation area, but have seen an unusually strong market over the last couple weeks. It is because of this that we are essentially looking to break the bottom of the Wednesday hammer from last week before we start selling. As far as buying is concerned, is going be very difficult to do until we break above the €8200 level as we see the entire region between 8000 and 8200 as one big resistance level.
IBEX 35 Futures Forecast December 4, 2012, Technical Analysis
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
