TSX 60 threatens breakout

Canada’s TSX 60 continues to test resistance at 740. Follow-through above 745 would indicate a long-term advance to 800*. A trough above zero on 13-week Twiggs Money Flow would signal strong buying pressure. Reversal below 725 is unlikely, but would warn of another correction.

TSX 60

* Target calculation: 740 + ( 740 – 680 ) = 800

TSX 60 VIX below 15 remains in bull territory.

TSX 60 VIX