Canada’s TSX 60 index found strong support at 700. Rising 13-week Twiggs Money Flow signals buying pressure. Recovery above 720 would indicate a primary advance to 820*; follow-through above 730 would confirm.
* Target calculation: 720 + ( 720 – 620 ) = 820
It looks as tho’ you have a 50% corr. so far with resistance at June low,at approx 60%, It’s quite possible there is a little more to go. You dont show any more indicators as a further backup such as DMI, do you use other indicators to establish more evidence ?
Walter
I try to keep reliance on indicators to a minimum and to focus on the price and volume charts.