Some regions of Spain have hardened anti-covid19 measures in order to stop (not even reduce) the contagion. For example, Catalonia's new measures are municipal confinement from the 7th to 17th January, with shopping malls and gyms closed. However, EURUSD getting higher might seduce investors to invest in Spain, a strongly punished market since March 2019.
From a...
IBEX the growth of Spanish stocks
IBEX35 is the benchmark stock market index of the Bolsa de Madrid, Spain's principal stock exchange. This index has started in 1992. The index includes 35 Spanish stocks traded on the general index of the Madrid Stock Exchange.
In the 360-minute chart, if we consider the downtrend up to the range of 5814.3 as 5 waves, the price...
📌 Another example of the erroneous breakdown, a very similar position to DAX, CAC, FTSEMIB and STOXX. We can see how clearly the virus is leading the equity board, as Spain were the first to enter back into the second wave the prevention of a freeing breakup is being made possible via the important loss of diagonal support.
"Sell weakness, and even more when...
Hi everyone,
As you can see, the spanish Index has finest the structure AB-CD. If we close below the level 7.070 we can forget about the third impulse.
If the price lose the level 7.070 and lose the bullish chanel around the actual price. 7.170. We can expect a new lower low around 6.400.
The alternative scenario if the price hold the actual level and doesn't...
Dear Gamblers,
Here is IBEX35, major index in Spain. As you can see, things are getting uglier and uglier here.
Do not get caught in this enromous bullish momentum lately as you might get your ass kicked.
There's no strategy here as the neckline have not yet been broken, but it will, within the right time.
This strategy is no longer available if the index...
Not optimistic with these news... Maybe a correction is coming after that last candle.
Do you agree or you think the opposite? Sort of we need a miracle..
Cheers!
Trade war tensions made the markets tumble this Wednesday. Ibex 35, which is gaining volume (Cumulative Volume Indicator CVI was used) every week, has abandoned bullish channel started at the beginning of 2019 and continues its downward trend started back in May 2017. From a long term point of view, the end of this week will be critical to establish a correct...
