Has managed to broke the September month sell off and managed to broke the upper channel trend line and started to growing in the rising channel.
And the TSX umped after the retracement towards 16280.00 which is a .50 Fibonacci retracement level's currently reached the minor resistance level which is 16500.00 we can expect the value will rise continuously...
TSX - Would be very surprised to see tomorrow's price action drop through 3 significant support indicators. Price is sitting on the Daily 100 day moving average and the 200 day moving average. Also as outlined in the green box a good spot of support. Look for a bounce tomorrow at least holding ground until the 10 day moving average catches up to price.
Been voraciously busy with the "return to work" life and haven't posted on TV since basically late June but I have an update on Gold to share.
Hopefully everyone has remained healthy and remains financially stable.
Much of the analysis here is almost identical to my latest post on the SPX so I will refrain from simply rewriting everything to...
the daily chart of this index shows with a strong probability an UPGRADING trend in the coming days but at the same time it is better to be vigilant of the change of the direction towards the opposite
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Hello Traders Investors And Community,
Welcome to this analysis where we are looking at TSX 4-hour timeframe perspective which is showing up some quite interesting signals at the moment. As the main market has recovered from the corona-breakdowns seen this year the meaningful question is now if these recoveries are fundamentally backed to follow-up into a...
Canada's TSX is an interesting index. The stocks listed in it represent roughly 70% of the market cap of all publicly traded Canadian companies. For perspective, the last data I could find puts the S&P 500 at around 83% in the US.
As with many indices, it formed a nice wedge from the March lows, but there are some special differences here: the island top...
Although I trade mostly U.S. stocks, Canada is actually my home country and dearest to my heart. Unfortunately, I see the same long term economic consequences in the years ahead, perhaps even worse than America. Canada is a great nation and believe it is still one of the remaining nations of great integrity and honesty. However, we face economic hurdles,...
I remember an old friend's teaching and this was one of his -
"First cut is the deepest" when it hurts, let it cut deeper, you smell blood you buy.
I fell in love with Rod Stewart's songs from then on.
After adjusting the TSX for currency we find the astounding similarities in every correction/crash. All "V" recoveries follow near the exact same pattern as you can see laid out from the 2009, 2016, 2019, 2003 SPX, and 2019 SPX fractals.