Significant money has been made the last time the market had a hard correction with the 2X inverse ETF. Now with Canada holding interest rates and worldwide trade difficulties there's lots of fundamentals backing another short-term bear run. This is a good time to short the markets as you cant really lose money from shorting the top, worldwide economic growth has...
Price action closed on December 24, 2018 below major support between 14,947.58 and 14,330.16. Moreover same close on December 24, 2018 saw price action close below its bullish trendline that has lasted over a decade.
Both scenarios above do call for a huge caution and/or warning for the current uptrend in the TSX. The market condition for the TSX in this case is...
TSX index showing reversal to the down side by Momentum as well as per Divergence. Momentum is on extreme upper side. This is daily then do not expect changes in short time.
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