Ibex forecast for the week of November 9, 2015, Technical Analysis

The Ibex initially tried to rally during the course of the week, but found enough resistance at the €10,600 level to turn things back around a bit. We did end up with a positive candle, but if we break above the top of the range for the week we think the market will then reach towards the €11,000 level. Pullbacks at this point in time should offer buying opportunities as there is more than enough support just below to continue to pushes market higher. We have no interest in selling at all.