IBC European markets doing very well, one of them is the SPANISH market with ESP35 IBEX 35 having a beautiful return. It stands out as an alternative market, with an index full of traditional companies ( CA, ITX, REP, SAN, TEL)and lacking in technological companies, nor metals, nor tariffs, it does not seem that TRUMP can ruin the image of the beaches of Ibiza or the exquisite Spanish chorizo. With a sustained growth in its economy and positive results in its companies and without forgetting that political stability has returned once the proposal of Catalan independence movement has been annulled.
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*correction, I was refering to TEF instead of BME:TEL
Continue the optimism, let's see where it closes, if it is above 9600 or what ... a couple of hours and then until Tuesday
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After a low open, european markets find a good support and having a good rebound and with american futures in green at this hour, market closes apointing to up slowly
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After these announcements, all the markets are in a big stress, at this hour stop loss activated and turned for SHORT positions, identifying support targets
After all, not a bad day, not a terrible week, good oportunity for European markets to have autonomy stay a little aside from the trade war and become a refuge market, UK does the same thing, it keeps a little quiet and separate.
Spanish market and european markets in general doing well , but still some resistances to watch to consolidate #bullish sentiment and mainly waiting for SPX reaction to prinpipal downtrend of the last 2 months.
Here bellow updates supports & resistences: #IBEX #IBC
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