The TSX 60 is testing support at 700. Respect would indicate an advance to the 2012 high of 725, but failure would warn of another test of primary support at 640. I do not place much faith in the broadening wedge formation: narrow wedges tend to behave like trend channels. Rising 63-day Twiggs Momentum suggests a primary up-trend but we need a trough above zero to strengthen the signal. And only breakout above 725 would confirm.
* Target calculation: 725 + ( 725 – 640 ) = 810