Index Trend Analysis Report
Prepared for you on Sunday, June 4, 2023.
S&P/TSX 60 Index (TSE:TX60)
Bear Market Rally (-75) - TX60 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on TX60 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid TX60?
MarketClub looks at technical strength and momentum to determine if the timing is right for TX60.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TX60
The long-term trend has been DOWN since Mar 15th, 2023 at 1157.69
The intermediate-term trend has been DOWN since May 16th, 2023 at 1222.23
The short-term trend has been UP since Jun 2nd, 2023 at 1199.92
Smart Scan Analysis for TX60
Based on our trend formula, TX60 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||984.43||52wk High Date||2018-07-13|
|52wk Low||871.68||52wk Low Date||2018-10-29|