TSX Index chart analysis: Where is Santa?

Points to monitor on the TSX daily chart
TSX Index chart analysis based on daily candlesticks.  Intermediate trend is sideways and the near-term trend is down.  RSI is confirming the near-term downtrend.

TSX Index Six Month Daily Chart

Cash is king in this market.

Reference last weeks analysis of the TSX Index using the weekly chart.

Relevant articles picked from the Web:

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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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