IBEXCNR (BME)

IBEXCNR SPANISHCATS

IBEX 35 CAPPED NET RETURN

SELL

27898

Prev.Close

28206

Change

-308.0000

Change%

-1.09%

BEARISH DELIBERATION BL...

Sold at

28051.8

Open

28116

High

28175

Low

27810

27898

Gain%

-0.55%

Signal History

Date	Price	Signal	Change%	€100⇨
07/12	28052	SELL	-0.5%	112
10/11	25756	BUY	+8.9%	103
06/11	25435	SELL	+1.3%	103
30/10	24696	BUY	+3.0%	100
20/10	24769	SHORT	-0.3%	100
17/10	25464	BUY	-2.7%	103
25/09	25830	SHORT	-1.4%	102
20/09	26166	BUY	-1.3%	104
18/09	26015	SELL	+0.6%	104
11/09	25774	BUY	+0.9%	103
04/09	25773	SELL	0.0%	103
28/08	25748	BUY	+0.1%	103
15/08	25710	SHORT	+0.1%	104
10/08	25765	BUY	-0.2%	104
31/07	26369	SELL	-2.3%	105
21/07	26079	BUY	+1.1%	104
14/07	25794	SELL	+1.1%	104
10/07	25270	BUY	+2.1%	102
04/07	26090	SELL	-3.1%	102
27/06	25279	BUY	+3.2%	99
22/06	25370	SHORT	-0.4%	99
15/06	25546	BUY	-0.7%	100

† Trade commissions are taken as 0.15%.

Pattern & Confirmation Chart for the Last 6 Months

Our system’s recommendation today is to SELL. The BEARISH DELIBERATION BLOCK pattern finally received a confirmation because the values crossed below the confirmation level which was at 28179, and our valid average selling value stands now at 28052. The previous BUY signal was issued on 10/11/2023, 27 days ago, when the index value was 25756. Since then IBEXCNR has risen by +8.92%.

We may be at a market top or at the start of a correction. The market ran out of steam and the traders are now more in agreement about the bearishness. The evidence is strong enough to prompt the closing of long positions. Today’s candlestick has a black body and its close is below the confirmation level. The bearish pattern that was previously identified is finally confirmed and a <SELL signal is generated. You still have time to follow the signal and then you may start checking other securities for a bullish bet.

This pattern consists of three consecutive white candlesticks with consecutively higher closes in an uptrend. more...

Date	Price	Signal	Change%	€100⇨
07/12	28052	SELL	-0.5%	164
10/11	25756	BUY	+8.9%	151
06/11	25435	SELL	+1.3%	151
30/10	24696	BUY	+3.0%	147
20/10	24769	SHORT	-0.3%	147
17/10	25464	BUY	-2.7%	152
25/09	25830	SHORT	-1.4%	150
20/09	26166	BUY	-1.3%	152
18/09	26015	SELL	+0.6%	153
11/09	25774	BUY	+0.9%	151
04/09	25773	SELL	0.0%	152
28/08	25748	BUY	+0.1%	152
15/08	25710	SHORT	+0.1%	152
10/08	25765	BUY	-0.2%	153
31/07	26369	SELL	-2.3%	153
21/07	26079	BUY	+1.1%	152
14/07	25794	SELL	+1.1%	152
10/07	25270	BUY	+2.1%	149
04/07	26090	SELL	-3.1%	150
27/06	25279	BUY	+3.2%	145
22/06	25370	SHORT	-0.4%	145
15/06	25546	BUY	-0.7%	147
09/06	25180	SELL	+1.5%	147
02/06	24983	BUY	+0.8%	146
24/05	24785	SELL	+0.8%	146
12/05	24968	BUY	-0.7%	147
10/05	24789	SHORT	+0.7%	149
05/05	24653	BUY	+0.5%	148
02/05	24902	SHORT	-1.0%	147
27/04	25070	BUY	-0.7%	149
21/04	25342	SELL	-1.1%	149
05/04	24749	BUY	+2.4%	146
03/04	24605	SELL	+0.6%	146
29/03	24086	BUY	+2.2%	143
24/03	23825	SHORT	+1.1%	145
21/03	23924	BUY	-0.4%	146
13/03	24735	SHORT	-3.3%	142
27/02	24792	BUY	-0.2%	143
21/02	24737	SELL	+0.2%	143
08/02	24666	BUY	+0.3%	143