The Canadian Technician

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

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

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