Ibex Forecast August 26, 2015, Technical Analysis

The Ibex as you can see broke higher during the day on Tuesday, but haven’t quite filled the gap yet. With this, we anticipate that short-term buying opportunity should exist. We have no interest in selling, and in fact would expect this market to go much higher we can clear the €10,500 level. At this point in time though, the one thing that we can count on is volatility. We don’t have any interest in selling at the moment, but a rally that shows significant resistance could be reason enough to start shorting the Ibex again.