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SXF: Look For Buying Opportunity At 808/807

Published 06/13/2016, 12:24 AM
Updated 07/09/2023, 06:31 AM

SXF Weekly Chart

S&P/TSX 60 held minor support at 815/814 but if we continue lower today look for a buying opportunity at 808/807. This is the best support for today and the only place worth trying longs with stops below 805. A break (and close for confirmation) below 805 is a sell signal and targets 798/797.

First resistance at 820/821 should be a big challenge and could see a high for the day but above here targets further resistance at 826/827. Shorts need stops above 829.

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