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