IBEX 35 (IBEX) Up 3.2%, Crosses 20 Day Moving Average; in an Uptrend Over Past 90 Days

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The Hourly View for IBEX Last Updated January 7, 2021, 12:19 GMT Currently, IBEX 35 Index’s price is up 22 (0.27%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as IBEX 35 Index has now gone down 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer…

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