The TSX 60 continues in a rising broadening wedge on the daily chart. Thomas Bulkowski warns these are bearish formations, ending with a downward breakout almost 3 out of 4 times. That would threaten primary support at 640 and a decline to 600*. Bearish divergence on 21-day Twiggs Money Flow warns of short-term selling pressure. Respect of support at 640, however, would suggest a rally to 720.
* Target calculation: 640 – ( 680 – 640 ) = 600