The average of 200 sessions converges at these levels. Be careful, if you lose them, the most normal thing is that we could end up seeing a change in trend that could lead to an extension of the falls to the level of 6,150 points. Although in the medium and long term its trend is clearly bullish, we will not see even the slightest sign of strength as long as it remains trading below 6,845 points, the maximum of this last week.
The falls of the last sessions have led to the price of the Dow Jones to test the key level offered by the average of 200 sessions. At these prices it is important that purchases return if it wants to maintain its impeccable upward trend in the medium and long term. Of course, we will be very pending that it does not abandon the support of 45,728 points, the minimum of November of last year. This would set off all the alarms, as it would confirm the abandonment of the 200-session average and could lead to a change in trend. We could place the key resistance at 49,000 points. The end of the short-term correction will not be confirmed as long as it remains trading below this price level.
The technical aspect offered by the dax It is to be very cautious in the next sessions. The ‘bearish window’ that was left to begin the month of March is a figure that makes us exercise extreme caution in the short term. To this we must add the abandonment of the average of 200 sessions. Be careful, the rebound in recent sessions could correspond to a pull back to the 200 session average. In the short term, the support that we do not lose sight of is 22,943 pointsprices where it managed to hold a few sessions ago. If it confirms the abandonment of this price level, it is very likely that we could end up seeing an extension of the falls to the level of 21,278 points, where it presents the bullish gap from about a year ago. We will not see a sign of strength as long as it remains trading below 24,638 points, the maximum of the last bearish gap.
He Ibex offers a complicated appearance since the month of March began. The two bearish gaps with which the month began and which it has not covered give shape to a figure with strong bearish implications, which is none other than a ‘bearish window’. The absence of a rebound tells us about the possibility that we could end up seeing an extension of the falls to the vicinity of the 200-session average. This average is close to 16,000 points, so we believe that there is still a fall left in the short term. The abandonment of the support of 16,497 points (Monday’s low) would confirm an extension of the falls to the level of 16,000 points. To see a sign of strength we should wait for a close above 17,720 points, the highs of March 5 and prices close to 7% above the current ones.
