The TSX 60 continues to test support at 695/700. Failure would signal a correction to 680 and the rising trendline, while respect of support would indicate another test of 718. A 21-day Twiggs Money Flow peak below zero warns of medium-term selling pressure, but the long-term (13-week) indicator remains bullish and completion of a higher (21-day) trough, by recovery above zero, would reflect the return of buyers. Breakout above 718 would indicate a primary up-trend, while follow-through above the 2012 high at 725 would strengthen the signal.
* Target calculation: 725 + ( 725 – 640 ) = 810