Canada: TSX 60 follows through

Canada’s TSX 60 followed through above 775 after a short consolidation, signaling an advance to 800* — close to the 2011 high of 820. Rising 13-week Twiggs Money Flow indicates buying pressure. Reversal below support at 740 is most unlikely.

TSX 60

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

TSX 60 VIX retreated below 15, indicating low market risk.

TSX 60 VIX