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Spain 35SS

Spain 35

14,089.3EURR
+62.3+0.44%
As of today at 10:30 GMT
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IBEX Index: Last chance to get long for 1346 points updsideIBEX Index: IBEX 35 Going well so far after breaking above 10460-10470 overhead supply. Minor resistance at 10600 but it shouldn't come back much below 10550 now (stops under here by 20 pips or so) so giving another chance to get long here with a small loss if wrong. It should rally to 10761 once 10600 is broken through, consolidate a little there and then rally further to 11168 - and then after another bout of consolidation to 11576 and then, last push to 11888 target. About 1346 points upside and around 20 points downside from here.
TVC:IBEX35Long
by sumastardon
Spanish Index 7 to 1 shot: IBEX Break above 10470 =11180 targetIBEX Index: Woes over Catalonia haven't really damaged this index at all. Because it ain't going to happen. They have no currency. End of. Anyway, whatever happens there, charts don't lie (more than politicians anyway). This index has been making a classic 6 month continuation pattern before it bursts higher again. Don't want to get sucked in too early but that's the way it's looking so far...if pattern completes as it should, get ready (set alert) to go long on a break above 10470 for a 700 point rally to 11180, using a stop placed about 50 points under the upper parallel, or as per comment
TLong
by sumastardon
Testing support as the Catalan saga continues10,000 is a support zone: - Broken trend line (resistance should turn to support) - 50 MA line - Psychological level 10,500 is resistance Bullish scenario - IBEX will climb to 11,000 if it will hold above 10,000 and break above 10,500 Bearish - In case that 10,000 will break, IBEX will slide back into its downtrend zone and continue towards 9000 Read more about IBEX, EURUSD, DXY, SPX, GBPUSD and Bitcoin in this week's newsetter (#WeeklyMarketsAnalysis)
T
by themarketzone
IBEX 35: Buy On Bad NewsThe Spanish economy is the fifth-largest in Europe behind Germany, United Kingdom, Italy and France; and the fourth-largest in the Eurozone, based on nominal GDP statistics. In 2012, Spain was the twelfth-largest exporter in the world and the sixteenth-largest importer. Following the financial crisis of 2007–08, the Spanish economy's plunged into recession, entering a cycle of negative macroeconomic performance. Compared to the EU's and US. average, the Spanish economy entered recession later (the economy was still growing by 2008), but stayed there for longer. The economic boom of the 2000s was reversed, leaving over a quarter of Spain's workforce unemployed by 2012. In aggregated terms, the Spanish GDP contracted by almost 9% during the 2009-2013 period. In 2015 the Spanish GDP grew by 3.2%, a rate not seen since 2007, before the crisis struck; such growth rate was the highest among larger EU economies that year. In just two years (2014-2015) the Spanish economy had recovered 85% of the GDP lost during the 2009-2013 recession, which got some international analysts to refer to Spain's current recovery as "the showcase for structural reform efforts". Strong GDP growth was registered also in 2016, with the country growing twice as fast as the eurozone average. In this regard, the Spanish economy is forecast to remain the best-performing major economy in the Eurozone also in 2017 Source: en.wikipedia.org Cls: The IBEX-35 is showing a multi year triangle pattern. Even the political tensions based on the Catalan Independece Referndum en.wikipedia.org is threatening short or medium term economic growth in Spain the IBEX35 should rise further and gaining momentum to the upside. First Longterm Target is 16.000 points.
BLong
by SwissView
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