IBEX 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.
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.