The Canadian TSX-V index filled a gap and held support
To the interest of commodity/resources speculators, inflation traders and even precious metals junior traders/investors, the Canadian TSX-V index made a hard drop to support, filled a nagging gap and is bouncing back from that expedition. It also left another gap as it propelled above the SMA 50.
The “technical” of it is an index still working on a trend change to up and is still constructive to do that. NFTRH has an operating target that is significantly higher, pending resistance.
The “macro” of it is the implication for wider participation (commodities, resources, etc.) in the broad bull market’s latter stages.
But let’s also mind those gaps below 530 for future reference. This kind of micro management would probably be good for the coming NFTRH++ tier of service. Especially, given da V’s importance as an indicator index.
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Gary, is there a US listed ETF that tracks this index?
If my memory serves correctly, there used to be one, but I think it was discontinued. I looked into it a year or two ago and it no longer existed. Probably due to the horrific performance of its components as a whole.