The TSX Composite monthly chart shows the market ranging between 11000 and 12800. Oscillation of 13-week Twiggs Money Flow above zero reflects buying support at 11000. Downward breakout is unlikely, while recovery above 12800 would offer a target of 14000*.
* Target calculation: 12500 + ( 12500 – 11000 ) = 14000

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.