FTSE/MIB (ITALY 40) & IBEX (SPAIN 35) POSITIONAL CALL WITH REVERSAL TRADING STRATEGY : 06 MAY 2013

FTSE/MIB - ITALY40

Sell  FTSE/MIB above 16918 – 17218 With stops @ 17545 For  Target 16282 - 15818

If cracks Below 15602  Downside Lower Low Target  is  @  15355 – 14315 - 14158 

Violation of Stops - 17540 Upside Higher High Target is @  17788 – 18252 - 18985

Now closed @ 16922

IBEX - SPAIN 35

Sell  IBEX 35 @ 8565 – 8615 With Stops @ 8716 For Target 8165 – 8052 – 7940

 If Cracks Below  7820 - Lower Low Target  is @ 7435 - 7208

Violation of Stops - 8716 , Upside Reversal  Is Capped @ 9022 – 9122 - 9348 

Now closed @ 8545