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Commentary Topic from greenfaucet

Rounded Reversal Into Support on Spain's Index

So much attention lately has been devoted to the "PIIGS" countries and economic concerns, but I wanted to take a special look at Spain's market index along with the iShares ETF to note a classic Rounded Reversal pattern that could be ending into a likely support area.   Let's take a look first at the $INP - iShares Spain Index: