Spain IBEX Index: 2 May 2016, Monday, 10.46am Singapore Time
Attached above is the technicals of Spain's IBEX Index.
Spanish stock market is a litmus indicator of weak markets.
Long Term pink trendline band of resistance, Mid-Long Term light-purple trendline band of resistance, Long Term red classical line of support-turned-resistance, Long Term blue support-turned-resistance and Short Term black short term resistance are used to suppress the market. 5 different layers of resistances in all.
Long Term pink trendline band of resistance, Mid-Long Term light-purple trendline band of resistance, Long Term red classical line of support-turned-resistance, Long Term blue support-turned-resistance and Short Term black short term resistance are used to suppress the market. 5 different layers of resistances in all.
Spain is a good short currently based on technicals above.
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