José Antonio González, market analyst for investment strategies, highlights that it is good news the current levels of Ibex 35 since we came from cutting positions of almost 2% we have come to have cuts, from the minimum of last week to the minimum A clear reaction by the demand or by purchases, which allows to maintain that hammer candle in formation And that, of course, we require that it be confirmed at the close of the session of yesterday.
At the moment, the corrective process of the last sessions/weeks remains active, although we understand that it is a corrective process that It does not threaten seriously Not much less The viability of the secondary or medium -term increasing structurewhich starts from the minimum of April 2025, therefore, week of consolidation, a week of correction that at the moment whose impact, on the medium -term structure, is totally limited.
Therefore, we continue to consider this correction as an at least punctual and totally natural movement, we cannot consider or conclude that Because a market is strong, an index is strong, you must climb every day or every week. That would be an error of concept of time. At the moment, we have that correction I insist totally punctual and, not even, it manages to close that weekly candle below the secondary or medium -term increasing guideline.
So, We maintain a constructive attitude in the medium and long term and, in the short term, we maintain that defensive context of caution, But with positive bias, and what the correction is totally natural and proportional both in time and form to the last bullish process that I insist is generated is projected from the minimum of the beginning of April of this year 2025.
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