Always consider hidden risks
SP TSX60 Index (XIU ETF): Major Monthly Technical Zone?
 May 25 2016 ​( From Stockcharts  )
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The Situation

​The SP TSX60 Composite Index (XIU ETF) still in a strong skirmish with
the minor resistance trendline on a daily chart, still failing to break it
in a falling trading volume environment. ​(See First Chart Below - Top Panel -
​Thisck Red Trendline)
 It could be seen also as a rising wedge since April 20.
​​​(See First Chart Below - Top Panel - ​Ellipse)

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

​​But the most interesting technical factor is that we
 are near testing the Monthly Resistance of a previous Major Breakdown Trendline (that started back since March 2009) for the ​SP TSX60 Composite ​Index. It could become a significant change for the Canadian Stock Market indeed. (See Second Chart Below - Thick Red Trendline- Ellipse)​.



SP TSX60 Index (XIU ETF): Major Monthly Technical Zone? $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​