S&P/TSX INDEX - $TSX-TC
Monthly chart remains bearish, with the index well below all key moving averages. The market found short term support right off the .786 fib level and a key LIS (old resistance becomes new support). Both downside targets have been hit so far. No buy signal/pattern evident on this timeframe.
Weekly chart remains bearish, with the index well below all key moving averages. No buy signal/pattern evident on this timeframe.
Daily chart shows that Friday's trading session made a slightly lower low right at key support. Friday's trading session created a harami candle pattern. We will need to see confirmation of this pattern next week in order to see a tradeable bottom. No buy signal/pattern evident on this timeframe as of yet.
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