Canada’s TSX 60 broke through resistance at 740, signaling a long-term advance to 800*. A trough above zero on 13-week Twiggs Money Flow would confirm strong buying pressure. Reversal below 740 is most unlikely, but would warn of a bull trap.
* Target calculation: 740 + ( 740 – 680 ) = 800
TSX 60 VIX below 15 suggests low market risk.
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.
* Target calculation: 740 + ( 740 – 680 ) = 800
TSX 60 VIX below 15 remains in bull territory.
Canada’s TSX 60 index encountered strong resistance at 740 and is now testing short-term support at 725. Failure of support at 725 would indicate another test of primary support at 710. Bearish divergence on 13-week Twiggs Money Flow warns of a reversal. Breach of primary support would confirm.
TSX 60 VIX crossed to above 15, but remains in bull territory.
Canada’s TSX 60 index is testing long-term resistance at 740, but bearish divergence on 13-week Twiggs Money Flow warns of selling pressure. Reversal below 730 would indicate another test of primary support at 710. Failure of support would signal a primary down-trend.
The VIX below 15, however, continues to reflect low market risk.
