José Antonio González, an analyst for financial market strategies, highlights that IBEX 35, with the weekly closure marked yesterday above 13,515 points, is the main reference that leads him to indicate that he meets the short -term forecast, very bullish for the Spanish selective, one of the indices that marks a greater strength in Europe.
That level is also backed by recent ascending cuts by the weekly MACD, and The most likely, therefore, is to continue recovering positions As long as we do not see symptoms of technical deterioration, which for now does not appear.
De facto, the only concern or alarm signal at the technical level for Ibex 35 It goes through the accumulation of extremely overcompra readings in the weekly MACD.
In the comparison of current readings with the historic, the analyst stands out well above the previous peaks, highlights the February 2023, the June 2024 and October 2024, which developed, later, later, some kind of correction, in time and form, in Ibex 35.
But he understands that, despite the fact that these risks are still in force, the price, which is the one who commands, continues to overcome resistance, and maintains a constructive attitude towards the selective, as long as it does not show the loss Of the minimums of last week, that candle with a wide lower shadow in relation to the range, that are projected at the height of the 13,074 points.
As long as we do not see weekly closures below that level, we understand that the situation remains with the fully limited short -term risks.
And this is the technical analysis of all Ibex 35 companies