José Antonio González, market analyst for investment strategies indicates that we are recently seeing a stagnation in recent weeks or in the short term, of IBEX 35, Below that roof or resistance zone of 14,370, its current annual maximums and above the area of technical relevance, previous ceilings, now potential supports, included around 13,655 and 13,446 points.
Therefore, We continue a week without major changes o Great modifications in what the short -term structure of the selective Ibex 35 refers.
The main novelty in technical terms, that is, reading indicators, lies in the recent activation of sales signals by the weekly MACD, whose readings simultaneously They continue to quote in areas of extremely overcompraded or extreme bullish readingswhich must be normalized or cleaned in the coming weeks bar months.
Therefore, we maintain a constructive attitude while the price does not show us otherwise. And in this sense we would not see modifications or arguments that would allow us to raise corrections in the price for the following weeksuntil we see weekly closures below that area that we have mentioned above.
Stay with those 13,446 points which would be an approximate reference of the level or the monitor of faces next sessions by the selective Ibex 35.
As long as we do not attend weekly closures below that reference, We continue to understand that correction risksin the short term, They will remain limited In the main stock market index of the Spanish market.
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