The bad omens derived from the business results presented in the US in the last hours and the great meetings of this week’s central banks have left more questions than answers for the world economy. The concerns have shot in the market in the face of the business benefits of the most globalized companies, such as Fedex and Nike, who have indicated the impact of tariffs and geopolitics as factors that affect their benefits in their results presentationssomething to which it has been added that those responsible for world monetary policy this week have put in fabric The current growth rate of the world economy.
Given this panorama, world bags responded yesterday with generalized descents. Among them those registered by Ibex 35, which yielded 0.75% in Thursday’s session. The Spanish selective was not one of the most punished in the day, but its technical behavior leaves unlocked implications for the bullies.
Its correction occurred in the middle of the resistance zone, which it presents in the maximums of two weeks ago around 13,446 points. “After marking a maximum intra -sewing pressure, it has been imposed, causing a fall that I fear that I could take the Spanish selective to the minimum of last week in the 12,700 pointswhich are currently the Clavicular or confirmation line of a hypothetical double -ceiling -shaped turn pattern“, warns Joan Cabrero, technical analyst and strategist of ECOTRADER.
What would imply a loss of supports?
“Below the support presented by Ibex 35 in the 12,700 points Everything would point at the beginning of a corrective context towards at least the 12,000 pointswhich is the objective that would arise from projecting the amplitude of that pattern, hence we can be calm as long as the 12,700 points are not lost, which is the first support where I would consider buying Spanish bag with a Stop In those 12,700 points since its assignment would probably allow buying around 12,000 points, which would also coincide with the bullish guideline that has been guiding the promotions in recent years, “says Cabrero.
The risk for Eurostoxx 50 is to attend a fall that goes to support the bullish guidance that arises from joining the minimum of November and December last year, which currently runs through the 5,150 points. “Yes,” says Cabrero, “from the operational point of view an fall to those levels would be Optimal to buy European stock exchange with a good profitability-risgo equation“
The Nikkei, the winner of the week
The weekly closure leaves a mixed balance in the reference selective in Asia. The decreases greater than 2% recorded by Hong Kong’s Hang Seng this Friday has caused his behavior in the whole of the week to be negative at the last minute and throws losses of 1%. For its part, the Japanese Nikkei, which remained closed on Thursday, manages to reach the last day of the week registering an ascent of more than 3%, its greatest weekly revaluation of recent months (since mid -January).
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