IBEX - Daily Market Thought 05072010

This is the worse index that i follow. This year with close last monday losing  22%.
Bullish divergence last low 8500 area, but ibex unable to regain 10200 again.
Natural pullback last session important now hold above 9200 and most important above 8500.
Close daily below 9200 expect  8500 area again and a close below 8500 expect more damage with a primary target 8000 area.
If hold first suport area around 9200 close above 9800 will give some momentum to attack 10200 again.
Close daily below 10200 change trend short-term and open the door to test 10600 area.
Rsi try to hold trendline, breakout will give us another bearish signal.
To see more thoughts indexes  and here to see more thoughts forex

Click to zoom in. Good luck folks.

IBEX - Daily Market Thought 05072010

IBEX - Daily Market Thought 250502010

Ibex have to hold this area breakout/close below 9800 expect more damage next target 8000.
Folllow red trend next session monday >>> 9602
Close above 9600 area expect pullback to 9900 possible extension to 10200.
Click to zoom in. Enjoy your sunday.

IBEX - Daily Market Thought 250502010

$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!!

$IBEX - Daily Market Thought 06052010

IBEX - Daily/Hourly Market Report

Trend bearish below 11444. Below important EMA`s short and medium term. Click to zoom in. Good luck.

IBEX - Daily/Hourly Market Report