Ibex forecast for the week of August 17, 2015, Technical Analysis

The Ibex initially tried to rally during the course of the week, but then turned back around to slice through the 11,000 handle. With this, it appears of the market continues to go little bit lower from here, but we should sooner or later find buyers in order to turn the market back around again. We believe that there is more than enough support below to keep this market afloat, so we are bullish in general and believe that the market will continue to find buyers time and time again.