Canada’s TSX 60 continues to test resistance at 820. After two false breakouts, follow-through above 830 would confirm, signaling an advance to 850*. Divergence on 13-week Twiggs Money Flow, however, warns of continued selling pressure. Reversal below 810 remains less likely, but would warn of a (bull trap) correction to 770.
* Target calculation: 810 + ( 810 – 770 ) = 850
TSX 60 VIX remains low, at 10. Typical of a strong bull market.
