S&P/TSX 60 broke support at 761/760 as we look for a buying opportunity at 756 today. This should hold the downside today but longs need stops below 753 as a break lower risks a slide to good support at 748/747.
Above 760 is less negative & sees 764/765, may be as far as 767/768 for a selling opportunity with stops above 770.
Weekly outlook: Resistance at 780 held the topside as expected last week but a break higher can target 793-798. Failure to beat 780 puts the market under pressure & should target 768 then 760 & possibly as far as 756 for a buying opportunity.
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