The Ibex (+ 0.57%) chains for rising sessions and is close to 9,410 points

The Ibex added 0.54% on Tuesday and stood at 9,377 points. The selective chains four consecutive sessions upwards and gets closer and closer to the resistance of 9,410 points. In today's session, it has been favored by the profits of ArcelorMittal (+ 3.84%), Grifols (+ 2.52%) and IAG (+ 2.17%), in addition to the banking sector.

The biopharmaceutical company has risen after announcing new advances in its research for Alzheimer's and receiving support from JP Morgan. For its part, IAG and the rest of European airlines have benefited from the latest negative news about Ryanair, which will be forced to make cuts for the delay in receiving the Boeing 737 MAX. In addition, among banks the highlights are in the increases of over 2% in Sabadell and higher than 1% in Bankinter, CaixaBank and Santander.

Within the business scope focus on the US, where the results season continues. Today JP Morgan, Goldman SachsoWells Fargo, have presented figures better that were than expected. The textile sector is also news, with the Inditex board, in which emphasis has been placed on the company's sustainability. In addition, Burberry recorded the biggest increase in its history (+ 14%) after exceeding sales expectations.

RESEARCH SESSION IN EUROPE AND TRUMP

At the geopolitical level, the most important thing is that vote in the European Parliament (starting at 18 o'clock Spanish time) so that the German Ursula von der Leyen becomes the new president of the European Commission (EC). There are nerves about this event given that the voting will be close. The experts warn that there will be a political crisis of deep within Europe if she is not voted in.

This Tuesday there is also talk about Donald Trump and the controversy over the measures he is promoting against immigration and that have even led him to suggest several African-American and Latin American congressmen leave the US. With social tension in the street, Wall Street records slight losses at the close of the Spanish market.

On the other hand, in the raw materials market, the Brent barrel rises 0.17% to 66.59 dollars. On the other hand, in the foreign exchange market, the euro falls in value 0.36%, until it changes to 1.1218 dollars.

TECHNICAL ANALYSIS

"We already have the Ibex at the door of the resistance of 9,410 points, although it is true that closing above would be an important sign of strength, ideally it should be confirmed in weekly candles, since it is a weekly bearish gap. ", says José María Rodríguez, analyst at Bolsamanía.

"Although the truth is that, barring surprises from the market, everything suggests that we will surpass it, in which case we will have the following annual rise target of 9,588 points, and above, with its logical intermediate corrections (or reaction phases). ), there are no significant resistances up to the area of ​​10,300 points, "he adds.

"But as we always say, we need to go step by step because we still have not overcome anything, we have to wait until the close to have the confirmation of the movement." On the bottom, on the support side, we have the short-term bullish guideline, which unites the minimum increases from the beginning of June until today and that passes by the 9,280 points ", concludes the analyst.