Always consider hidden risks
SP TSX60 Index (XIU ETF): Monthly Breakout?
 April 04 2016 ​( From Stockcharts  )
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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 )​​
SP TSX60 Composite Index - XIU ETF
Monthly Candles​