“We can be calm while Ibex 35 don’t lose this support”

The unsuccessful attack that last week starred in Ibex 35 to the resistance zone presented in the maximum 13,446 pointsstill weighing on the investment mood. This resistive environment has erected as unwavering these weeks to the point that, from ECOTRADER -The premium portal of investment strategies of electionomista.es– Joan Cabrero does not rule out that the limitation of his failed send can cause a return to support the 12,700 points.

“This hypothesis would gain whole if the IBEX 35 loses the intermediate support it finds in the 13,200 points“says the strategy director, who reiterates that as long as the Spanish index fails to overcome that level, the risks will not move away.” The support of the 12,700 points It is so important to the extent that it is the clavicular or confirmation line of a hypothetical bearish turn pattern in the form of double roof in those 13,446 points“, insists the expert.

Below the 12,700 points everything would point to the beginning of a corrective context towards at least 12,000 points, which 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 lostwhich 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 upward guideline that has been guiding the promotions in recent years, “says Cabrero.

The key support to be monitored on Wall Street

In the US, the S&P 500 has reached in recent days the area of ​​the 5,520 points (minimums in 5,504), the level that from Ecotrader was recommended to wait to buy American bag again. This support has stopped the falls and promoted a rebound that, until now, presented a key obstacle: the Nasdaq 100 had not yet touched its analogous support zone in the 18.700/19,000 points (Minimum in 19,150).

“Although the possibility that the Nasdaq 100 descends until that support is still in force, has been reduced thanks to the bullish hole with which the main American indices have started the week. This GAP, of great relevance as it is a weekly hole, will be key in the short term,” says Cabrero.

While it does not close, which would happen if Nasdaq 100 loses Friday’s minimums in 19,400 points and the S&P 500 the 5,600 pointsthe bulls will maintain control and could boost a rebound that, at least, recovers part of the strong fall from the 22,240 pointsDeepseek’s roof.