S&P 500/TSX INDEX -$TSX-TC
Monthly chart continues to show weakness with no buy signal/pattern evident on this timeframe. Index remains well below all key moving averages. Despite the support off the key LIS (old resistance becomes new support) and the .786 fib level, the bulls cannot seem to gain any traction for higher. Look for eventual break of current support as the market heads lower.
Weekly chart continues to show weakness with the index below all key moving averages on this timeframe.
Daily chart continues to show weakness as the bulls just can't seem to take the market above the current January 2009 high. Market remains rangebound.
No comments:
Post a Comment