The Canadian Technician

$TSX - SPURS are kicking in. Can the Mule Move?

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The $TSX has recently started to outperform the $SPX.

$TSX 20121108
THe Purple area is the SPURS. Relative Strength to the $SPX. It is pushing up. However, the $TSX is stuck in this channel. A breakout to the topside would mark a commodities breakout. A break down is very important. I think it goes lower on Energy weakness. But the chart holds the facts. Follow the chart.

Good Trading

Greg Schnell, CMT

Greg Schnell
About the author: , CMT, is a Senior Technical Analyst at StockCharts.com specializing in intermarket and commodities analysis. Based in Calgary, he is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is also the author of Stock Charts for Dummies (Wiley, 2018). Learn More
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