S&P/TSX INDEX -$TSX-TC
Monthly chart shows short term support holding, as aggressive bulls stepped back into the market. Index remains well below all key moving averages. No buy signal/pattern evident on this timeframe.
Weekly chart shows profit-taking into the close of last week's trading session. The bulls managed to close the index above the 8ema.
Daily chart shows the profit-taking the last two trading days of the week. IF we can manage to put in a higher low, THEN look for bulls to gain traction for much higher. Price action looks to be tracing out a consolidation pattern, so if the bulls are unable to hold the current low, THEN look for it to break lower.
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