IBEX capitulation selling starting?

Is the selling today the start of the capitulation?

May be a BUY soon..
IBEX down 2.62 % vs DAX up 0.7%

quick look at charts Monthly weekly and daily

Monthly
Key level on downside 5280 Monthly Support


and then 3910/4000

Weekly 

starting to go oversold

Daily

Positive divergence didn't do much for the price.  Indicators which were oversold now reset so another leg down possible to oversold again.  Maybe a positive divergence on bigger time frame setting up..