The IBEX 35 advanced on Friday and quoted around 13,300 points. In weekly terms, that is, comparing the current price with the closure of last Friday, IBEX 35 records an advance of 3.17%. This impulse has allowed him to develop, in this temporal framework, a sequence of increasing maximum and minimum compared to the previous ones, which reinforces the upward breakdown confirmed last week, with the weekly closure above the area of old soils, now turned into roofs, between 12,710 and 12,843 points.
This technical behavior reinforces a Scenario in which the most likely context is a new attack on the area of 13,515 points, currently the annual maximums and key reference for IBEX 35.
In addition, the weekly MACD is very close to activating a new bullish crossing, which would reinforce the impulse towards the aforementioned annual. The overcoming of these levels would not only confirm the continuity of the upward trend, but would also put an end to the recent volatility rebound that has affected the market in recent weeks. To be achieved, The IBEX 35 would be at levels even higher than those registered before the start of that instability phase.
In this context, Everything points to a solid reactivation of the structure of maximum and minimum increasing by the selective Ibex 35.
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