Canada: TSX60 resistance

The TSX 60 respected resistance at 700 on the weekly chart. Penetration of the descending trendline suggests that a bottom is forming, but failure to break 700 would mean a re-test of primary support at 640. Money Flow remains strong but formation of a peak below zero on 63-day Twiggs Momentum would warn of continuation of the primary down-trend.

TSX 60 Index