S&P/TSX -$TSX-TC
Monthly chart shows the market is clearly retracing the last move up from October 2002. First downside target is the .618 fib level at 9284.25 area. No buy signal/pattern evident on this timeframe.
Weekly chart shows clearly the increasing downside momentum as traders/investors are selling out of their positions as fast as they can. Index remains well below all key moving averages. No buy signal/pattern evident on this timeframe.
Daily chart shows index well below all its key moving average, especially the 8ema. No buy signal/pattern evident on this timeframe.
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