The Ibex gapped higher at the open on Friday, clearing the €11,000 level. With that being the case, the market looks as if it is ready to continue going
The Ibex gapped higher at the open on Friday, clearing the €11,000 level. With that being the case, the market looks as if it is ready to continue going higher, and on a break above the top of the range for the session on Friday we are buyers. We also believe that pullbacks should find plenty of support below at the bottom of the gap so it will be a buying opportunity as well. We believe that the Ibex is reacting positively to the possibility of a solution coming out of Greece. As long as that remains a possibility or likely even, this is a buying opportunity.
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.
