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themarketzone

Testing support as the Catalan saga continues

IBEX 35 Index (TVC:IBEX35)  
themarketzone  
TVC:IBEX35   IBEX 35 Index
Trend Analysis Harmonic Patterns Chart Patterns IBEX 35 CFD ibex35long ibex35short
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trendanalysis harmonicpatterns chartpattern ibex35 ibex35long ibex35short
10,000 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)
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