Canada's energy sector ETF.
I posted this chart on Feb 18. This is a problem.
This chart has not been able to break resistance.
Caution is advised as the $TSX tracks this chart pretty closely. Remember when the $TSX topped out in 2011? Same time this chart topped out.
Good Trading,
Greg Schnell CMT.
About the author:
Greg Schnell, CMT, MFTA is Chief Technical Analyst at Osprey Strategic specializing in intermarket and commodities analysis. He is also the co-author of Stock Charts For Dummies (Wiley, 2018). Based in Calgary, Greg is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is an active member of both the CMT Association and the International Federation of Technical Analysts (IFTA).
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