S&P/TSX INDEX - $TSX-TC
Monthly chart shows support to be right at the .786 fib retracement level, which also happens to be a key LIS (old resistance becomes new support). Despite the short term support in place, the bulls are having a difficult time getting any traction to the upside. No buy signal/pattern evident on this timeframe.
Weekly chart shows index remains below all key moving averages as well as the down trendline in place. Last week's trading session resulted in a spinning top candle pattern, indicating indecision between the bulls and the bears. No buy signal/pattern evident on this timeframe.
Sunday, December 14, 2008
TSX-TC Update for 12.14.2008
Posted by TraderZ at 12/14/2008 10:17:00 AM
Labels: $TSX-TC
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