Ibex Forecast November 12, 2015, Technical Analysis
The Ibex initially tried to rally during the course of the session on Wednesday, but turned back around below the €10,500 level. By doing so, we ended up forming a shooting star as we did in Milan, and as a result it looks like the markets are going to continue to see a bit of volatility. However, we do feel that there is a significant amount of support below at the €10,250 level to keep this market afloat. We are looking for supportive candles or break above the top of the shooting star during the day on Wednesday in order to start buying again.