The TSX Composite Index is consolidating between 12100 and 12800. Another 13-week Twiggs Money Flow trough above zero would signal a primary up-trend. Breakout above 12500 would strengthen the signal, while follow-through above 12800 would confirm.
* Target calculation: 12750 + ( 12750 – 11200 ) = 14300
Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters.
Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.
Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008/2009 and 2020 bear markets well ahead of actual events.
He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.