The TSX Composite Index continues to consolidate below 12500. Reversal below 12100 and the rising trendline would warn of another test of primary support at 11200. Reversal of 63-day Twiggs Momentum below zero would strengthen the bear signal. Breakout above 12500, however, would signal a primary advance, while follow-through above 12800 would confirm.
* Target calculation: 12500 + ( 12500 – 11000 ) = 14000