The Ibex had a slightly positive session during the day on Thursday, after initially gapping lower. Because of this, we believe that the resiliency shown
The Ibex had a slightly positive session during the day on Thursday, after initially gapping lower. Because of this, we believe that the resiliency shown in the Ibex will translate into much higher levels given enough time, and we believe that this market is in fact heading towards the €19,000 level given enough time. We think that pullbacks will continue to offer buying opportunities, and therefore have no interest in selling this market. We believe that the Ibex will again attract “hot money” going into the European Union as most stock markets in Europe at the moment look fairly well supported.
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.
