We are on the edge of a possible top. Let's wait for the next moves to confirm if it will be a breakout or a false breakout.
average income of 60k www.ontariosunshinelist.com although it seems lots of people are doing well, inflation is the reality, and this year is going to be THE WORST for cpi #'s- total #of people remaining on the list peaked in 2020- "but but muh trickle economics is clearly working!" -people- aren't buying 3 mil homes and 2 mill condos in Toronto, credit, and...
she's a lady, shows bits of her leg at a time, sometimes just an ankle - be conservative about it. www.youtube.com
A quick follow up to my previous posts about the TSX or the colony of Canada, if you prefer. Quick observations on a long timeline weekly chart: We bounced off the top of the channel top for over a year Major roll over into a recession/depression/stagflation ... take your pick at this point Commodity super cycle talk seems to be done for now as we can assume...
So, I posted an analysis on the S&P 500 with a short bias. I am short biased on TSX and S&P, but I think my timing is wrong here. I think we see upside on both the S&P and TSX for now (for now meaning within the next couple of days). We see the TSX is in a descending channel. It did do this double top type pattern; however, looking back historically, these...
1000 points away from the pre-covid-crash level, the TSX has printed a broadening wedge and broken through it. It's now travelling down quickly in a parallel channel. Outlook not so good. The broadening wedge is a rare and highly predictable indicator of a reversal of trend. Time to cash out and sit on the sidelines. This is more of an exit point than an entry point...
Hello Traders! Welcome to this quick video update on the TSX Composite Index. This video has something for everyone. Whether you are a seasoned practitioner of the Wave Principle, or brand new to it, I hope you learn something valuable here.
In my humble opinion the TSX has been in an accumulation trading range since Dec 1. We are now coming out of it nicely and holding above. If anyone has ideas to improve this labeling, please let me know. I chose to lable the down move that happened in late Nov as a selling climax instead of an automatic rally because I think it has the character of a selling climax.
chart on the tsx composite index- last week I was working on this- the monthly if I did do it will be 22-33% over the month end- hoping this is true- would help out my home exchange....did it with bitcoin or ethereum when I programmed it.
If we've reached a market top for the time being (looking back over approximately 10 years) there's nice confluence between fib retracement levels, volume nodes, and some key support/resistance zones I've drawn. A market pullback to the 0.5 or 0.618 fib level wouldn't surprise me. Alternatively, if we're just seeing a market pause (accumulation), we could see...
2 peaks at this high level under heavily volatile market conditions. We are still above all the simple moving averages I would start to get worried if we fall below the 50 day SMA. The TSX despite this should outperform other indices in 2022 due to its high amount of commodities stocks because 2022 is bullish for commodities.
Just a nice long term channel on the TSX in Canada. Obviously, this channel has been obliterated in USA equity markets (manipulated, post-truth times).
Hay All Traders, I'm not a financial advisor, Don't buy or sell bass on what I'm saying... PLEASE DO YOUR OWN HOMEWORK. THIS POST IS JUST FOR INFO ONLY... I'm saying there is more blood to come on Bay St. Because of looking at the daily chart and putting on my version of the RSI. Since the 11th, it has been heading down very fast, and with my version of MACD,...
Long and short TSX Activation of the transaction only when the blue zone is fixed/broken. The author recommends the use of anchoring fixed the blue zone, this variation is less risky. If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea...
If it breaks above line, it moves up or if it breaks below line, it moves down
TSX index looks exhausted on all time frames I wouldn't be surprised if we get some form of consolidation for January. the 200 daily MA is 16380 which would constitute a 6% pull back. Interesting to note that 28% of the TSX is Financials and if you look at the TTFS the TSX financials index more specifically at the Quarterly window in the top left corner you will...
I See this Going to ATH. Once Feb High hits could drop rapidly. Asking Traders " What Negative Catalyst will cause the melt down?" Its all been bullish on this historic run up.