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Ibex: from attacking resistors to flirting dangerously with supports


This is the market. One day we are attacking resistances, like the one we have in the bearish gap of 7,664 points and that we are choking lately and in the next session we are dangerously approaching supports. And this support, which as we already know it is dynamic, it goes through the environment of 7,250-7,300 points: The base of the bullish channel from the March lows. In theory we should bounce back from there with the intention of trying again with the resistance of 7,664 and above and with a greater depth we have 8,000 points: the June highs and 50% adjustment of all the previous fall. So let's take it one step at a time, hoping that the bottom of the bullish channel will not pierce.

Ibex 35 daily chart


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