Canada: TSX 60 faces resistance

Canada’s TSX 60 faces resistance at 820. A sharp fall/divergence on 13-week Twiggs Money Flow warns of short-term selling pressure. Reversal below 810 would indicate a correction, while breakout above 820 would signal an advance to 840*.

TSX 60

* Target calculation: 805 + ( 805 – 770 ) = 840

TSX 60 VIX below 15 continues to reflect low risk typical of a bull market.

TSX 60 VIX