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After the setback this Thursday, where does the Ibex 35 have supports?

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From the highs of Monday the Ibex accumulates a fall of 8%. Fall that occurs from very important resistance levels, such as the 50% adjustment / retracement level of the previous fall.

Technical analysis
DOWN TREND VALUES

Short term

Medium term

Long term

Over the last few weeks we have talked about the fact that there were two control zones, in this case resistance, to be monitored in the very short term in our selective. On the one hand the 7,950-8,000 points and on the other the 8,375-8,450 points. The first control zone is resistance because it coincides with an adjustment of 50% of the entire previous fall, and the second because it is the weekly bearish gap in mid-March and 61.8% of the previous correction. And this tick braked at 50% set / reverse.

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Ibex 35 weekly chart

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