FINANCIAL ICEBERG
Always consider hidden risks
​
 TECHNICALS
SP TSX60 Index (XIU ETF): Monthly Breakout?
 April 04 2016 ​( From Stockcharts  )
If you would like to receive our free daily markets updates, please Sign-Up









The Situation

​
​The SP TSX60 Composite Index (XIU ETF) still in a strong skirmish with
the 200 DMA (Day Moving Average) still failing to break and stay above
​​in a falling trading volume environment ​​(See 1rst Chart Below - Top Panel - 
​Green line) and still into an uptrend channel.​​​(See 1rst Chart Below - Top Panel - 
​Thick Red Trendlines)

​​We observed also that the Price Volume Trend the SP TSX60 Composite ​
​Index ​(XIU ETF) failed to break the Resistance ​Trendline.
​( See 1rst Chart Below - Bottom Panel - Thick Blue Trendline - Ellipse )


​​But the most interesting technical factor is that we tested and break the Monthly Resistance of a Major Downtrend Channel last week for the ​SP TSX60 Composite ​Index. A significant change for the Canadian Stock Market indeed. ​​(See Second Chart Below - Downtrend Channel - Ellipse)​. 



​​

.






SP TSX60 Index (XIU ETF): Monthly Breakout? $TSX  #Trading #Canada  #investing  #tsx60


 SP TSX 60 Index - XIU ETF ( Daily Candles - Top Panel )​​
​​20 DMA ( Yellow Line )

​​50 DMA ( Blue Line )

200 DMA ( Red Line )
​
​SP TSX 60 Index - XIU ETF PVT  ( Bottom Panel )​​








Financialiceberg.com


Financialiceberg.com


SP TSX60 Composite Index - XIU ETF
Monthly Candles​