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UnknownUnicorn2413721

Third week of Feb should be strong on the TSX

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Indeks Komposit S&P/TSX (TSX:TSX)  
UnknownUnicorn2413721  
TSX:TSX   Indeks Komposit S&P/TSX
Support and Resistance Fibonacci Candlestick Analysis
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supportandresistance fibonacci candlestick
Historically the third week of February is strong on the TSX. Buy and hold fund managers take advantages of dip to place fresh RRSP money coming in for tax season savings (first 60 days of the year to qualify for the previous year). The charts on the daily shows core technical indicators being bullish so it appears to be safe going long. The S&P is mixed and in the US, the last two weeks of February is generally bearish. Watch carefully and readjust as needed. We have lots of room to run on the Fib retracement and the candles do show higher highs and higher lows which is bullish.
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