TSX threatens reversal

Canada’s TSX 60 index encountered strong resistance at 740 and is now testing short-term support at 725. Failure of support at 725 would indicate another test of primary support at 710. Bearish divergence on 13-week Twiggs Money Flow warns of a reversal. Breach of primary support would confirm.

TSX 60

TSX 60 VIX crossed to above 15, but remains in bull territory.

TSX 60 VIX