Is there life in the stock market if the Ibex exceeds the maximums of the year?
Is there life in the stock market?/Hay vida después de máximos 
Is there life in the stock market if the Ibex exceeds the maximums of the year?
The Ibex 35 doesn't have it easy and technical analysts are wary because there is a lot of congestion in the area of 12,000 points. In fact, experts doubt that the selection can cope with this barrier as it has already has crashed several times, although it could hold at 11,200 support points. But what if the Ibex can manage at 12,000?
In the event that the market accompanies and the Ibex does the honorable thing, analysts see no tangible obstacles for the rebound to extend, according to the most optimistic, to the area of 13,500-14,000 points. If so, there will be a range up to 16% over current levels. For Eduardo Faus, an analyst at Renta 4, the most important thing is to stay calm and see in what circumstances the levels are broken, if this actually happens. Thus, the expert believes that a break with guarantees at this level leaves the index free of major obstacles to nearly 14,000 points, except for a small obstacle in the region of 12,400. But Faus acknowledged that the odds of abruptness in the final stretch of the year are high.
Given this uncertainty, Faus notes that the important thing is to consciously operate in the market. Thus, in the event that the selection overcome strong resistance, it offers maximum security values and liquidity, such as Telefonica and BBVA.
But we must also think whether the market can cope with the resistance and forming a roof. All the experts agree that the Ibex is now playing key levels in the middle of a stage too uncertain and volatile, making it even harder to forecast."I was one of the skeptics and I keep reaffirming, although the increases of the past week have left me confused", says Jaume Filella, SeBroker analyst, to summarize his vision of a market which he does not see the Ibex going over 12,000 points. But if it really did so, the expert points out, something that is not discreditable, "we would get long term buyers- it's a yardstick" it would be a great sign of strength, Fillela points out. The Sebroker expert agrees with Faus that over 12,000 there are no major obstacles in the area of 13,500-14,000 points.
Somewhat more pessimistic is Peter Damian Mñuoz, Finanzas.com analyst, for whom the key resistance is at 12,450 points, a very psychological level. The Ibex has a very hard nut to crack there. Munoz reflects on an important fact. Because when the Ibex touches the support of 11,200 points, the upward reaction is very violent. But when it comes to the environment of the 12,000, it moves in a range between 11,700-11,940 points, much more tightly, which in his opinion may be related to a process of sale or distribution of securities.
According to Pepa Montes, an analyst at Banco Finantia, the first hurdle for the Ibex lies beyond the 12,000 points would be 12,600 points and beyond 13,500.
However, he acknowledges that the current situation is very complicated and in fact, reminds that the market was expecting more declines last week for the selection if it had lost 11,200 points, which ultimately did not happen, despite the opinion of many experts.Is a rupture reliable?
Analysts agree that the key is to see a clean break and solvency of resistance. Due to this, notes Montes, it is desirable that the volume accompanies and that rising levels over 12,000 are sustained for at least three sessions. Muñoz also believes that it is essential to give these three consecutive days of rises to endorse the validity of the upward movement, but it places an important relevance and something more secondary in the volume.
This is because the rebound is not possible without the volume, so it is possible to expect anything and a break without negotiated securities could still be equally valid in the present circumstances. Finally, Jaume Filella suggests that besides the maintenance over time, investors should put a filter of 2% or 3% when the 12,000 is passed to confirm their validity.