- The Madrid stock market has registered a strong rallye since the end of November 2023, the medium-term trend is therefore bullish. - More recently, the market has consolidated in a symmetrical triangle chart pattern, between December and today. Today, the market continues its acceleration with an attempt to clear the upper bound of its symmetrical...
Spanish top 35 index is clearly breaking out to the upside. Its broken out of the flag pattern weekly and retest will be a buying opportunity.
SPA 35 seems is approaching a resistance level dating back to March '23. Adding to that the 4h RSI is oversold. Sell?
For some reason Spanish markets are going to blow our minds, maybe besides rest of main markets
I have studied this on a monthly time frame along with monitoring the news closely. I've noticed that it has been building a bullish flag pattern since it began. We hadn't had any new lower lows on the Monthly time frame and we just left a resistance level after retesting it three times! Combine that with BRICS new currency and the annoucing of it being this week...
This clear inverse cumulative delta divergence in the daily chart of the IBEX suggests significant price increases in the Spanish leading index. We place the stop loss conservatively and choose the structure of the end of 2017 as the target for our long position.
EUROPEAN SHARES European shares dipped shortly after the opening bell on Monday, extending declines seen in Asia overnight, while US futures also point to a bearish open as the banking crisis keeps pressuring market sentiment. Financial stocks remain the worst performers so far, as worries of a systemic risk in the banking sector linger after the confirmed...
SPN35 seems to show all short technical signal. Similar move in US indices adding confidence to trade.
Hi hope you are all doing well there is a good sell opportunity on ESP35 just remember to follow your own plan.
JsbT2U/ SP35 seems to be a bit weaker than other EU markets. Bearish divergence, out of fuel.
Cosmic Gravity predicts that the IBEX35 Spanish market index will reverse downwards based on 4 bearish vs 1 bullish signal over 2 timeframes. Stop loss is set at the top of the 1H chart resistance.
IBEX shows an incomplete bearish sequence from 6.14.2021 high favoring further downside against 5.30.2022 high (8992.7). Short term, Index is now correcting cycle from 5.30.2022 high in 3, 7, or 11 swing before the decline resumes. Down from 5.30.2022 high, wave (W) ended at 7191.57 as the 1 hour chart below shows. Wave (X) rally is currently in progress to...
Stock markets reverse downtrend and may have entered a “corrective” cycle Upcoming economic events Tuesday: US consumer confidence Wednesday: Bank of Canada interest rate decision Thursday: ECB interest rate decision Friday: US personal income and consumption Commentary: IBEX 35 Index: Strong very short-term upward momentum from the October 13th low,...
Hello to all investors, according to my previous studies and according to my experience as a trader, I see a good investment opportunity with a high probability of success, the details are reflected in the graph
#SPAIN35 is looking like short term downside on the 15min. hit easy setups
So... the Spanish market has actually OUTPERFORMED all the other european indiced in the past year and actually YTD: www.investing.com --> "Performance" that makes no sense... a country/economy which were on the edge of bankrupcy in the last financial crisis. Why has this economy outperformed all the other eonomies? it makes no sense . IMO a short position...
The IBEX35 index, the blue-chip benchmark for the Madrid stock exchange, seems to be on the cusp of a large correction to the downside of about -20%<-25%. Technical indicators signal a consolidated drift lower, while the MACD also signal a broader Sell-Off move. Concerns are for the undercapitalization of many listed companies, in particular, the Spanish banking...
In this update we review the recent price action in the IBEX and identify the next high probability trading pattern and price objectives to target