ESP35 SELLESP35 WILL SELL, STRONG BEARISH CANDLESTICK ON STRONG TIMEFRAME (DAILY). REJECTED THE STRONG RESISTANCE, AND LOOK AT THE 1HR TIMEFRAME, STRONG BEARISH CANDLESTICK FORMATIONS.
IBEX35 trade ideas
IBEX 35Son muchas las variables que atraviesa España, entre las más notables están su gasto público en aumento y el secuestro político de caracter socialista que amenaza el libre mercado.
Esto también refleja como minímo en su indice más importante su descenso de máximos históricos a través de los años.
Año 2007, 15000 pts (La burbuja financiera mundial que tampoco perdono al país vasco)
Año 2009, 12000 pts (Un intento entre el equilibrio del gasto público y el dejar que lentamente la economía sin mayores medidas opcionales, se recuperen)
Año 2015, 10000 pts (Alcanzado equilibrio entre seguir subsidios y seguir con el sueño español)
Año 2020, 9000 pts antes de la pandemia.
Conclusión:
La divergencia de este indice con respecto al Estadounidense o el Aleman, data que independientemente de los aspectos mundiales, la economía española debe entrar en revisión, comenzando por el espectro politico para reformar medidas economicas en pro del libre mercado y generar confianza en los inversionistas y luego tomar medidas no populares pero de mayor sacrificio por el bienestar a largo plazo de las generaciones por venir.
IBEX 35 The rebound on Friday is continuity in this weekly start on European stock exchanges. The next sessions arrive loaded with references and important meetings for the economy, although its absence this Monday leads analysts to point out that this is more of a pending session. With this scenario, the indices take advantage to take a run. The season of results starts already in the US, where the absence of guidelines due to the massive withdrawal of corporate forecasts sows more unknowns than usual in the market. However, the key reference in Europe will arrive on Thursday with the meeting of the European Central Bank (ECB).
Peningkatan pada hari Jumaat adalah kesinambungan dalam permulaan mingguan ini di bursa saham Eropah. Sesi seterusnya tiba dengan rujukan dan pertemuan penting untuk ekonomi, walaupun ketiadaannya pada hari Isnin ini menyebabkan para penganalisis menunjukkan bahawa ini adalah sesi yang belum selesai. Dengan senario ini, indeks mengambil kesempatan untuk berjalan. Musim hasil sudah bermula di AS, di mana ketiadaan garis panduan kerana penarikan ramalan korporat secara besar-besaran menaburkan lebih banyak yang tidak diketahui daripada biasa di pasaran. Bagaimanapun, rujukan utama di Eropah akan tiba pada hari Khamis dengan pertemuan Bank Pusat Eropah (ECB).
IBC - next stop below 6,500IBC continues on its way down to new lows. In the shorter term view, it seems to have finished, or nearly so, intermediate counter-trend wave 2 of primary wave 5 down. The next move should be intermediate 3, where the most probable target is is below 6,500. If prices crosses up 8,000, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
Island reversal still intactFrom the 11 of June, the Island reversal remains intact and now the Spanish index tries to close it. We will see the mission will be a success soon, but what I would like to see is that the gap remain open and the bulls will be closed to the island. So from the red resistance zone at 7600, the IBEX should turn down as I was expected in the related idea.
Closing the gap will open the door above 8000.
Correction CompletedHi 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 lose the bullish chanel we can spect a third impulse.
IBEX Largo 7440Impulso alcista con pauta correctiva compleja, formación correcta de la Z y tras varios días rotura con decisión del eje 0, X, ´X, con lo cual espero segunda replica del impulso alcista. Además si sumamos a nivel macro en España y Europa la vuelta a la normalidad del Estado de Alarma, la libre circulación y demás datos de recuperación de la pandemia, todo esto hará que el IBEX retome la carrera alcista por lo menos hasta después de verano.
Spain35 IBEX35 Short ideaOn the 60 minute chart, price is obeying the blue dotted transagonal support & resistance contracted channel.
As price hits the (daily) orange (transagonal resistance), we should see a correction leading to a move to the downside to the lower (daily) orange transagonal (support) line at approx to 7015.1 to 6930.7.
*Black lines = daily S/R
Elliott Wave View: IBEX Has Turned LowerIBEX shows an incomplete sequence from November 2007 high and still favors more downside while below 2.19.2020 high (10093). Near term, the Index ended the rally from 3.16.2020 low in 3 swing as a zigzag Elliott Wave structure. Up from 3.16.2020 low, wave (A) ended at 7209.7, wave (B) ended at 6421.4, and wave (C) ended at 7995.3. The 3 waves move higher from 3.16.2020 low also ended wave ((4)) in higher degree. The move higher in wave (C) of ((4)) ended at the 100% – 123.6% equal leg area from 3.16.2020 low at 7824 – 8153 area.
Index has since turned lower in wave ((5)). Technically it still has to break below wave ((3)) at 5814.6 to avoid a double correction. Near term, the decline from wave ((4)) high at 7995.3 unfolded as a 5 waves impulse Elliott Wave structure. Down from wave ((4)), wave 1 ended at 7685.3, and bounce in wave 2 ended at 7859. Index extended lower in wave 3 towards 7205.80 and wave 4 bounce ended at 7425.20. Finally, wave 5 of (1) ended at 7065.2
IBEX is now correcting cycle from 6.8.2020 high within wave (2) before turning lower again. As far as pivot at 7995.30 high stays intact, expect rally to fail in the sequence of 3, 7, or 11 swing for more downside.
IBC reached the range forecasted and turned down. New lows aheadIBC reached 7,992 and turned down as we forecasted in our post of May 31. The downtrend should reach new lows. In the current wave pattern we could see a counter-trend move up to around 7,650, before the downtrend continues. If price crosses up 8,019 this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
IBEX35 - final leg before trend to new lowsIBEX35 is tracing the final stages of intermediate wave 2. The most probable target range is between 7,800 and 8,450. After this intermediate wave 3 should bring down the index to new lows. If the index crosses down 6,850 the odds will indicate wave 3 has already began. FOLLOW SKYLINEPRO TO GET UPDATES.
Incredibly weakAfter the coronavirus diving, the Spanish market was able to ridiculously weak rise. Not able to reach the 0.382 Fibonacci level in the last 50 days!
The rising from march low has a corrective 3 waves style like zigzag in Elliott wave theory. The bears are in control, just had a nap.
The rising could continue for a while, but 7500 is a strong resistance I expect.
So I would like to see the next coming downside pressure to new lows in the wave C or wave 3. The minimum next target is at slightly below 5000(wave C objective) or more 4000(wave 3 objective).
