Whatever it was that caused the mad late afternoon dash on the US market did not cross the border into Canada
Since the last time we reviewed TSX, index has done quite alright.
But notice that the massive outperformance of TSX against S&P 500 has plateaued. It may resume, but for now, it has falttened. Also notice that the past few days, we have had some above average red volume bars.
Breadth has improved a lot since March lows.
I need to see how it pulls back. As long as it does not collapse, and as long as index internals do not deteriorate badly, I will treat a pullback as an opportunity to establish new long positions.
My cut off point will be below the March lows.