On 5/21 in the Trade Log we noted that the TSX-V was making an initial move above the SMA 50 to potentially break consolidation. Now a week later, it’s still on message.
Just an FYI on a market that was important to our speculative inflationary view in 2020 and would need to hold its uptrend to keep that same view in play in 2021. If it stays above the SMA 50 it will have held the uptrends by both the SMA 50 and the SMA 200 and an important indication for the inflationary reflation trades will still be ‘on’ and renewing its bullish trend after a long consolidation.
Recall that markets like Asia (ex-Japan) and EM have had similar charts and many commodity areas have also been consolidating.
