Technical Analysis – Spain 35 index recovers somewhat in near term; remains near low levels

The Spain 35 cash index has come under selling pressure after the strong downfall from the 21-month peak of 10,102 and remaining well below the longer-term simple moving averages (SMAs). However, the price rebounded on the multi-year low of 5,804 enhancing the argument that the picture may not be entirely negative at the moment, giving […]