IBEX 35: The increases will follow despite the accumulated overcompra

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By Jack Ferson

Above 15,360 points, the selective Ibex 35 advances 0.5% compared to the closing of the previous week. The index «has new and minimal growing and registers a new annual maximum in the 15,370 points. In this way, extend the recovery process in a timely manner and meet our main short -term scenario: as long as the price does not demonstrate the opposite, it is most likely that the selective continues with the increases despite the accumulated over -line readings.»

Therefore, positive week for the selective and «we maintain constructive attitude as long as the increasing guideline that part of the minimums of the beginning of April» is not drilled in weekly. »

See the analysis of all selective values ​​from a technical point of view.

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