Ibex Forecast November 3, 2015, Technical Analysis
The Ibex went higher during the course of the day on Monday, after initially gapping lower. With that being the case, it looks as if the market will continue to consolidate in this general vicinity, and with that we feel that it’s only a matter time before the markets take off to the upside so therefore we are only buyers at this point in time. We have no interest in selling, and think that the 10,250 level below should continue to offer a bit of a floor. Pullbacks continue to offer buying opportunities as well.