The IBEX 35 registers a significant short-term recovery that leaves us with a minimum with which to work from 8,082 points. This bullish momentum generates overbought readings in Stochastic, while it is unable to resolve its 200-period or long-term simple moving average to the upside.
A consolidation process is beginning, which is necessary to take a breath before thinking about another upward stretch towards the resistance zone around 9,310 / 9,198 points.
You can see the report of all the values of the Ibex 35 here.
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