Spain in the spotlight!

Well it looks like Spain is now in the spotlight and probably worth looking at the stock market there.
One thing is clear is despite most world markets having a positive performance since November 2011, Spain's performance has been muted and in recent weeks has been clearly negative, and the market is now hovering above a key level at 7500.

A break below here could also have negative repercussions for other European indices, in particular Germany.

IBEX 35 Monthly chart

IBEX weekly