TSX Index meeting resistance at 13,500

Near-term uptrend meeting resistance at 13,500 which is at the 40-week (200-day) moving average. The doji candlestick is a graphical representation of the battle between the bulls and the bears.

TSX Index 3-Year Chart showing resistance at 13,500

TSX Index 3-Year Chart

______________________________

“Technical Analysis is about probabilities.”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

© 2016 TradeOnline.ca

Positive SSL on a transparent background

Leave a Reply

Your email address will not be published.