The TSX Composite followed through above 12500, indicating another test of resistance at 12800/13000. Expect retracement to test the new medium-term support level at 12500, but respect is likely. Recovery of 13-week Twiggs Momentum above zero suggests continuation of the primary up-trend. Breakout above 13000 still appears some way off, but would offer a target of the 2011 high at 14300.
