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..

¿Donde va el IBEX 35? Whither the IBEX 35?

IBEX mensual

Soporte roto      (support broken)

todavia no sobre vendido  (not oversold yet)

Próximo soporte 5100 !!!  (Next MAJOR support 5100)

IBEX semanal

Ha roto soporte @ 6600

Support broken at 6600

IBEX diario

A corto plazo empezando a formar divergencia positiva..puede que haya una subida por compra de posiciones vendidos a corto.

Short term beginning to show positive divergence between price and RSi, may lead to a SHARP short covering rally before resuming the down trend..

SHOULD coincide with rally in the major markets