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The Ibex rebounds 22% from the lows of March and doubts before the last bearish gap


The Ibex closes far from the session highs (7,119) and is unable to overcome the short-term resistance it has at 7,060 points.

Technical analysis

Short term

Medium term

Long term

He Ibex The session closes this Tuesday relatively far from the highs of the day after rising 4% when Wall Street opened its doors. Finally it closes with increases of 2.3% to 7,002 points. But the 7,000 is nothing in this case, just a nice round figure. Without further ado. Otherwise everything remains more or less the same than this Monday and the same as last week and the week before. The rebound, which until the highs of this Tuesday (7,119) is 22.45% it runs its course. Slowly, heavily, and without much joy. But this one remains intact. In fact, I'm still considering the most likely scenario a lateral movement with a slight upward slope and with objectives in 7,450 adjustment points (last bearish gap and 38.2%) and above 50% of the previous fall in the approximately 8,000 points. While below, on the side of the supports, the most immediate we now place at 6,425 points.

Ibex 35 daily chart

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