It has cost, but finally the Ibex 35 He managed yesterday to break the barrier of the 12,000 points At the end of a day, something not seen in everything that goes for a year and that did not happen since the beginning of December 2024. The Spanish selective, is also technically beginning to overcome the resistance that stopped the climbs last year in the 12,155 points.
After being separated from market fluctuations caused by the emergence of Deep Seek in the informative panorama. The Ibex follows the wake of most of the main European indices, which have already reached new maximum weeks ago.
Now, the Spanish index moves in the vicinity of the resistance that finds between 12,150 and 12,155 integers. “If at the end of the week confirms the overcoming of the 12,155 pointsor manages to break the dynamic resistance in the 12,250 points In a daily closure, everything indicates that Ibex 35 could go to 13,000 points“, says Joan Cabrero, technical analyst and strategist of ECOTRADERwhich explains that this objective arises from projecting the amplitude of the lateral range that has developed between the key support of the 11,300 points and the resistance of 12,155 points.
On the contrary, in the short term the Ibex 35 would only show weakness if it lost the support of the 11,840 points. “If that happens we would be in front of a ruling of the bulls when beating the resistance of the 2024 high ones,” says Cabrero.
In Europe, the threat of seeing a turning in Eurostoxx 50 to the area of the 5,000 pointsremains in force after the European selective shows certain signs of exhaustion buyer in the last weekly closure. Nevertheless, I maintain a bullish bias because the index achieved a couple of weeks ago to break the roof of the consolidation process that developed during the last nine months “explains Cabrero that indicates that his breakdown was a clear sign of strength that opened the door to the search for objectives that he values in the historical maximums (without effect discounted dividends) that the Eurostoxx 50 marked the year 2000 around the 5,522 points.
“Therefore, a turning back 5,000-5,050 points I would see it as a purchase opportunity driving a stop at 4,800 points, which are the minimum of December. Only if I lost that support would be in favor of making the accordion and would begin to reduce the upward exposure. Meanwhile continue enjoying, “says the analyst.
Fed slopes
The attention throughout the day focuses on the decision on the interest rates of the Federal Reserve and the presentation of the annual accounts of large companies for capitalization in the US, which will continue its course.
“The Fed faces a dilemma: the market has discounted decreases from types, but with an economy that still remains strong, the margin for cuts is more limited than was initially expected,” explains Pedro del Pozo, director of investments mutuality financial, while ensuring that its current scenario points to a maximum of two cuts in the price of money in the US, compared to the four drops that could materialize in Europe.
This divergence in monetary policy will not only have an impact on public debt, where there is already an assessment difference, but also in the exchange rate, generating opportunities for investment in fixed income.
The stock market in Asia, meanwhile, has less effervescence than usual for the closure of many of the region’s great references to the New Year’s celebration in China. Despite this, selective Japan, Korea, Thailand or India do quote today, and do it with increases that allow the Nikkei to cut the annual losses that it still accumulates so far this goes on. The open selective of the region followed the wake of the American technological actions, which yesterday registered increases after the stock market collapse generated at the beginning of the week by the Deepseek premiere, considered the `Chinese ‘Low Cost cost version of Chatgpt.
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