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...
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...