Ibex Forecast November 10, 2015, Technical Analysis

The Ibex fell during the course of the session on Monday, as the 10,500 level appears to be to resistive for the market at the moment. However, there is more than enough support below to keep this market going higher, and with that we are looking for supportive candle in order to start buying again. We do not have it yet, but in general most European indices look like they are fairly well supported at the moment. Because of this, we believe it is only a matter time before we can serve buying and eventually we will break out to the upside.