The TSX-V daily chart pattern looks constructive
Now, will “constructive” be enough? All too often I look at charts and get excited by a pattern. More often that excitement is warranted, but sometimes it’s just a, well, you know…
The TSX-V daily chart pattern is is re-forming its symmetry today with a gap up toward key resistance. As a reminder, a take-out of that resistance targets a significantly higher level (per NFTRH). Not necessarily a new bull market, but it would be a good trade.
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Gary the
…man who stares at charts? :-)
Ha I got confused by the layout and preemptively sent my comment.
I just wanted to start a discussion that the picture looks very interesting from Gary’s prespective at this time of the market’s morning. The combined trends of yields, gold, dollar, indicies is very peculiar. Inflation expectations surprise me the most.
USD still intact technically, GSR as well. Yet da ‘V’ on the verge of a breakout, which would signal the party expanding (rotating) to new areas. A lot of things are at odds, but when they start to form a common theme the next move should be good, either north or south, party or hangover.