Short, overlapping candles indicate hesitancy on Canada’s TSX 60 index. Reversal below the lower channel at 650 would warn of another primary down-swing — confirmed if primary support at 640 is broken. Respect of the lower channel, however, would indicate a rally to the upper channel border. 21-Day Twiggs Money Flow is rising but breach of the trendline would warn that buying pressure is easing.
* Target calculation: 640 – ( 680 – 640 ) = 600