Ibex Forecast August 10, 2015, Technical Analysis

The Ibex as you can see fell during the course of the session on Friday, but stayed above the €11,100 level. Ultimately, we believe that there is plenty of support below based upon all of the gaps that we see, and as a result we are simply waiting for supportive candle or a bounce that we can serve buying and the Ibex. The European Union in general looks as if the buyers are starting to come back into the stock markets now, and as a result we believe that the Ibex should show strength.