$TSX Chart Analysis

Monthly chart looking toppy and bearish.

Weekly chart shows resistance at the .618 fib level with a spinning top and a doji showing investor indecision followed by selling for this past week. Looking for test of the lows for now.

Daily chart shows weakness -- trading below all moving averages, especially the 200 sma. We have had 5 waves down, and an abc retracement into PRZ which provided more selling this past week. I would not be surprised if the index continues to go down.