TSX Index in consolidation mode
3-Year Chart of the TSX Index
Reference last weeks analysis which was also a consolidation story for the TSX Index. This is in stark contrast to the S&P 500 Index and the Nasdaq Composite Index which are in an uptrend.
Also reference the most recent analysis of the TSX based on the daily candlestick chart which identified the possibility of a double top.
When trading online, you always deal in probabilities. And the probability of a downside correction is greater than an upside breakout. It has been a good run for the TSX Index.
Read the National Post article: Now’s the time to diversify away from Canada.