Canada’s TSX 60 is consolidating in a narrow range at its medium-term target of 770 after a strong spurt. This is a bullish sign and follow-through above 775 would signal a further advance to 800*. Rising 13-week Twiggs Money Flow suggests buying pressure. Reversal below 740 is most unlikely.
* Target calculation: 740 + ( 740 – 680 ) = 800
TSX 60 VIX is above 15 but still in the low risk range.
