From NFTRH 825:
But I do like to keep tabs on the Canadian TSX-V for its indications on the speculative ends of the commodity/resources trades. If we who would prefer this index to re-bull for money making opportunities are being honest, we are acknowledging that one of the few things da ‘V’ has going for it is its nest atop the 200 day moving average. If it takes out the orange arrow that is a would-be marker of a key lower high, then we can talk bull. If it loses the SMA 200 the odds increase that a new low would be coming, possibly to our 503 target.
Here is the daily chart today. If this is not some kind of head fake below the SMA 200 – and I don’t think it is – then the lower high (orange arrow) will have held and our target of 503 off of the pattern is still on. If that happens then both lower gaps would fill, and then we can reevaluate.
