IBEX – Far Away from Tops of the Pyrenees…

IBEX  –  Back Today on ATA Research Radar 

 

ATA Continuation of…

1.10.2017 –  CATALONIAN VIRUS…

5.10.2017  –  SPANISH IBEX – NO PASARAN… ( for now )…

12.09.2018 –  IBEX – No Bulls Spanish Corrida…

12.11.2018 –  IBEX – Spanish Powerlessness…

14.01.2019 –  IBEX – SPANISH EQUITY without SUN…

28.05.2019 –  IBEX – Sanchez Winning Factor…

with

ATA Following …

DAX 

3.08.2019 –  DAX – STRIKE under EQUTOUR 12.000

FTSE 

10.08.2019 –  FTSE – No HARD BREXIT Real Strikes…

CAC

14.08.2019 –  CAC 40 – La Manche Drift…

FTSE MIB 

15.08.2019 –  FTSE MIB – Quo Vadis Rome…

 

 

After  more than 2  Years  from  Last Top – May 2017

IBEX Big Picture  still shows

Spanish  Equity  long term Weakness…

with

Present Testing  Monthly Rising Trendline 

Key Level 8.500 Zone 

 

Bolsa Spanish

 

First…ATA from  28.05.2019

”   NO Bull Market in  Barcelona …

Bearish  vs Bullish  Monthly Technical Patterns  : 

Long Term Triangle 

with

H&S Options : 

H&S  Pattern – Neck Line –  for Now Key Level  8600 Zone

vs

Invert H&S  Pattern – Neck Line – Key Level 11.000 Zone   ”

 

 

Second…Present IBEX  Index  Situation 

 

 

 

 

First…Main  Motives

Global & CHINA – US – EU – UK Slowdown  & Recession Risk

TRUMP TRADE WAR  – US Tariffs  &  China Tariffs 

TRUMP CURRENCY WAR 

&

Spanish Macro  –  Weak  Spanish  Economy  

Spanish Banks Risk 

with

ECB –   Lagarde  vs  FED & Powell Impulses

 

 

Second…Market Technical  Patterns 

 

Monthly View 

 all time NO Bull Market in  Barcelona …

but

still dominating

Bearish  vs Bullish  Monthly Technical Patterns  : 

Long Term Triangle 

with

H&S Options : 

Bearish H&S  Pattern

Neck Line –  for Now Key Level  8500 Zone

vs

Bullish Invert H&S  Pattern

Neck Line – Key Level 11.000 Zone

with

Monthly MACD

Sell Signal  & Falling under  Trendline 

 

Daily View 

after Activated

 H&S Pattern – Neckline  9200

Now dominating

Test Rising Trendline 

Monthly H&S Pattern Neckline 

Key Level 8.500 Zone 

Next Support Zone 

December 2018 Low 8200 – 8300

with

Daily MACD Sell Signal  

 

 

Important  IBEX  Note 

Spanish  Index  all time under   11.500 – 12.000 Zone  –   2009  &  2015  Top  

 

Long Term  IBEX  Picture shows

RISK OFF  Trend  Domination

with

Present Test 

Key Level 8.500 –   H&S Neckline

of course if

this Neck line will  Fall 

Main Long Term Target will be  May 2012 Low  6000  Zone 

 

 

ATA   IBEX  Present Investment Conclusion

Focus carefully Result of  Test 

Key Level 8.500 –   H&S Neckline

 

 

 

This Spanish  Picture, like earlier German , French , Italian & UK, shows

how far are  EUROZONE… EUROPE  & UK  Equities  from

US WALL STREET & NASDAQ…

 

 

N – TIMES

Finally …

F/X  Maxim 

Chart is More Important than 1000 Words…

&

Most Important is  Final  Smart Money Reaction….

First…EOD-s 

Second…EOW-s

Final…EOM – Now August

 

IBEX  Monthly  Weekly & Daily Charts :

5.10.2017 

IBEXM -M 2017

12.09.2018 

IBEX - M

IBEX - W

IBEX - D

IBEX  Monthly  Charts

12.11.2018 

IBEX - M

IBEX - M - 1

14.01.2019

ibex - m

ibex - m - 1

IBEX  Monthly & Daily  Charts

28.05.2019

IBEX - M - Line

IBEX - D - Line

15.08.2019 – ( Start US Session )

IBEX - M

IBEX - M - Line

IBEX - D - Line

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