The Ibex initially fell during the day on Thursday, but found enough support at the €10,150 level to turn back around and break out to the upside. We have
The Ibex initially fell during the day on Thursday, but found enough support at the €10,150 level to turn back around and break out to the upside. We have cleared the all-important €10,300 handle, which is our signal to start buying this market. We believe that we eventually go to the €11,000 level, and as a result we are in fact very bullish of the Ibex at the moment. We even look at pullbacks as potential buying opportunities, so as a result we have no interest in selling. With this, we are very bullish of Spanish stocks.
Ibex Forecast October 24, 2014, Technical Analysis
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.
