The IBEX 35 is around 14,160 points in this final section of the week, which represents an advance of +0.4 % compared to the closing of last Friday. In technical terms, the drawn weekly candle islow impactwith a maximum lower than the previous week and a minimum higher than the previous one. This configuration corresponds to a «inside bar» or inner candle, a formation that usually indicates a consolidation or pause phase in the current trend. This type of candle suggests Indecision in the short termso it will be necessary to continue observing the evolution of the next sessions, both daily and weekly, to confirm whether the previous trend is resumed or reversal occurs.
As for the key technical levels, the Main resistance In the IBEX 35 are the annual maximums reached last week at 14,370.8 points, and the Immediate support It is the recently open upward gap in weekly graphics, which is projected from 14,105 points.
At the indicator level, we continue to observe a Accumulated extreme overcompra condition in the weekly MacD in the Ibex. However, the preciowhich remains the most relevant factor, has not shown signs of exhaustion nor technical arguments that justify the beginning of a tertiary or short -term correction. Therefore, and despite the high overcompra level, We maintain a constructive vision on the indexwaiting for the market to define its next movement more clearly.
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