Thursday, May 6, 2010

$IBEX - Daily Market Thought 06052010

Short-term below 9918 trend bearish all time frames.
Medium term trend bearish below 10550
Resistences: range [9870,9918] , 10167, 10363 and 10550
Suportes: 9516 , 9279 and 8900
Important last low around 9500 close below that expect more damage.
Above 9918 expect pullback to 10167 possible extension to 10363
Below 10550 expect continuation downtrend next target 9279 and 8900.
Click to zoom in. Cheers!!


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