IBEX 35: This level could avoid the continuity of the upward movement

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By Jack Ferson

The IBEX 35 continues to show technical strength, managing to overcome the psychological barrier of 14,000 points. In weekly terms, this represents an advance of 3.44% with respect to the closing of the previous Friday, thus consolidating a clearly bullish week.

The current weekly candle develops maximum and minimal growing compared to the candle of the previous week, which reinforces the positive trend. In addition, the IBEX 35 has opened a bullish gap at 13,554 points, a level that now acts as a key support. As long as there are no weekly closures below that threshold (13,554 points), there are no technical signs that justify a short -term cut.

The weekly MACD also maintains a bullish configuration without active descending cuts, which supports the continuity of the current movement.

Access the full analysis of the basket of values ​​that make up IBEX 35.

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