Canada’s TSX 60 continues to perform strongly, with rising 13-week Twiggs Money Flow troughs above zero indicating strong buying pressure. Expect a test of the 2008 high at 900. Reversal below the rising (secondary) trendline is unlikely, but would warn of a correction.
Canada’s TSX 60 is also performing strongly, with 21-day Twiggs Money Flow indicating medium-term buying pressure. Expect a test of the 2008 high at 900. Reversal below support at 855 is unlikely, but would warn of a correction.
Canada’s TSX 60 continues towards its target of the 2008 high at 900. Rising troughs on 13-week Twiggs Money Flow signal strong buying pressure. Reversal below support at 845 remains unlikely.
Canada’s TSX 60 again shows a strong trend, trading high above a strong green cloud, with no recent crosses of blue (Tenkan) below the red (Kijun) line. Expect a test of the 2008 high at 900. Reversal below support at 830 is unlikely.
A monthly chart shows Canada’s TSX 60 headed for its 2008 high of 900 after breaking resistance at 820. Bearish divergence on 13-week Twiggs Money Flow appears secondary, in line with the medium-term consolidation, but a further decline would warn of a correction. Reversal below support at 830 and the rising trendline is unlikely, but would indicate that the primary trend is slowing.
Canada’s TSX 60 is consolidating in a narrow range on the weekly chart. Upward breakout is likely and would signal contuation of the advance to the 2008 high of 900. Bearish divergence on 13-week Twiggs Money Flow appears secondary, in line with the medium-term consolidation, but a further decline would warn of a correction. Reversal below support at 830 and the rising trendline is unlikely, but would indicate that the primary trend is slowing.
Canada’s TSX 60 respected support at 820. Recovery above the highs of the previous two weeks would indicate an advance to the 2008 high of 900. Rising 13-week Twiggs Money Flow, with troughs above zero, signals long-term buying pressure. Reversal below the rising trendline is unlikely, but would warn that a top is forming.
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.
Canada’s TSX 60 broke through resistance at 820, signaling an advance to 850*. Sharp divergence on 13-week Twiggs Money Flow is testimony to the level of selling encountered at the resistance level. Completion of a trough high above zero would signal a strong up-trend. Reversal below 810 is unlikely, but would warn of a bull trap.
* Target calculation: 810 + ( 810 – 770 ) = 850
TSX 60 VIX is exceptionally low at 9, typical of a strong bull market.
Canada’s TSX 60 is testing resistance at the 2011 high of 820. Rising troughs above zero on 13-week Twiggs Money Flow signal buying pressure. Breakout above 820 would signal an advance to 840*. Expect support at 800 and the rising trendline.
* Target calculation: 805 + ( 805 – 770 ) = 840
TSX 60 VIX below 15 indicates low risk typical of a bull market.
