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Specific corrections aside, the sensations cannot be better in our index. In fact, technically, the price presents a clear and important return formation of bullish implications.
Technical analysis
Short term
Medium term
Long term
As we sometimes remember, there is no infallible tool in the markets. Neither the technical analysis, nor the fundamental … or anything. Markets are much more difficult than most investors think. Said and from the point of view of the technical analysis, what we have in front is an inverted 'head and shoulders' with Rise target (theoretical minimum) around 10,500 points. It is true that we cannot rule out some other short-term correction (trhow back) towards the clavicular line of the formation. But the important thing, above all, is that we have impeccable minimums and rising maximums since this summer. And so it does not fall. Not to mention the important resistance that many of the large European indexes left behind about a couple of months ago. Ruptures with important bullish implications in terms of medium and long term.
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