I do not know if we will exceed 8,000 points later with the intention of filling, at least partially, the weekly bearish gap of 8,375 points. But 50% recoil is hurting.
What the Ibex is that, since we already left the door open, 50% adjustment / reverse was a very important resistance zone to take into account. Normally this type of resistance is not so easily overcome. And above and of greater relevance we still have the weekly bearish gap of 8,375 points-8,450 points (adjustment of 61.8%). And now we have as the main support area that price level that acted as resistance: the April highs at 7,210 points, previously resistance. But what is clear is that as long as we do not close above 8,000 points we will not have any sign of strength again in our selective, and knowing that at 8,375 points we have a resistance of greater magnitude yet. What we have to be clear about is that for the moment everything is still part of a simple rebound, without further ado.
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