A 2.54% pop today on the daily chart for the TSX Index
TSX Index Daily Candlestick Chart
Tall shaven head candlestick on heavy volume bodes well for the TSX Index. But, there will have to be follow-through. And the major reason for the drop in the TSX Index was the precipitous drop in crude oil as represented by Brent, West Texas Intermediate and Western Canadian Select. But, crude oil is still trying to find a bottom.
Reference the last chart analysis for the TSX Index showing the support zone.
And the view from the weekly chart for the TSX Index
TSX Index 3-Year Weekly Chart
“It is all about probabilities”
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