TSX in a consolidation pattern – Jan 25, 2011

Technical Analysis - TSX Daily Chart - Support Levels

TSX Daily Chart - Jan 26, 2011

Technical analysis gives you an objective view of the market.

The TSX  is in a consolidation range between 13,200 and 13,500.  The snippet to the right is taken from this customized chart for Tuesday, January 25, 2011.

I would consider a break below 13,200 a reason to liquidate some long positions.

Major support is at 13,000 and a break through this level could see a retracement to the  12,500  level.

Leave a Reply

Your email address will not be published.