Expected Scenarios for the Spain35 Index

The Spanish index continues its uptrend.

It confirmed this after breaking out of a consolidation movement,

which represented a reconsolidation.

The index also broke the resistance levels at 15733,

and formed new strong demand areas,

indicating that buyers are currently in control.

Expected Scenarios

Currently, we have more than one expected scenario.

The first scenario is a continuation of the rise as a result of the reconsolidation.

Buying can be done again from the new demand areas that have formed

with a break of the recent resistance levels, as shown on the chart.

The areas are located at 15572 and are considered the best buying areas.

A rise to targets of 15700 and 15850 is expected.

The other scenario is a decline, provided a break and close below

 the current demand areas and a break and close below the uptrend.

In the event of a breakout, we may see a continued 

decline, reaching the next demand areas

shown on the chart, located at approximately 15,200.