Ibex Index: 7 to 1 shot on breakout above 10470 for 11180 target

30 oct 2017

IBEX Index: This index is saying that that Catalonia will remain part of Spain...it's undamaged by recent events, just consolidating over 6 months the +50% gains it made in the previous 5 months. Once it breaks above 10470 it should rally back to the highs at 11180 for a 700 point win against a stop just 50 points below the upper parallel (see chart) once the breakout occurs. Sorry for lack of Spanish. And Viva Espana.