TSX 60 bearish divergence

Canada’s TSX 60 index is testing long-term resistance at 740, but bearish divergence on 13-week Twiggs Money Flow warns of selling pressure. Reversal below 730 would indicate another test of primary support at 710. Failure of support would signal a primary down-trend.

TSX 60

The VIX below 15, however, continues to reflect low market risk.

TSX 60 VIX