Technical Analysis: TSX Index monthly logarithmic chart

TSX Index long-term chart to ponder the big picture

TSX Index chart analysis using the monthly logarithmic chart with major support and crossovers

TSX Index Monthly Logarithmic Chart

I analyze the long-term charts of the major indexes and proceed to the near-term charts. Reference the last chart analysis of the TSX Index based on the weekly chart.

When you invest, you are playing the odds: there is never a certain win in the markets.  At this stage, the odds of a major downside correction outweigh the upside.  It is prudent to stay on the sidelines with an above average cash position.

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The main purpose of TradeOnline.ca is a starting point for your own chart analysis. Technical analysis serves as a guidepost in your daily investment analysis and is used in conjunction with fundamental analysis. There is no magic formula for making profits when you trade online in the stock market. We are all students of the market, and one should never give up reviewing and learning the basics. Visit the Advanced Chart Settings and customize BigCharts so you can review different time periods.

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Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

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