IBEX Daily 16July2014

So where is the IBEX heading? It may have completed W-1, however it looks like it needs another low to complete W-1. A break above 10640 means we should revisit 10760 and 10900 before completing W-1 around 10360, which will be followed by a retest of 11000. Below I have shown the different fractal wave scales to try simplify!

Europe IBEX D 20140716180109

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