Seeing this down-move is good in terms of gauging the direction of the market, but it's unclear if we'll see further selling or if this dip will be bought.
The TSX 60 will have some support at it's current levels around the 20MA, the 50% and the 61.8% fib retracements. Until we break these levels, it's possible that we at least see a small bounce before going lower. However, today's move down was a very big one and should limit any upside we may see.
|A pivot appears to be in on the TSX 60|