The Toronto Index could see furter downside pressure

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ISHARES S&P/TSX 60 INDEX ETF UNIT (TSX:XIU)

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TSX:XIU ISHARES S&P/TSX 60 INDEX ETF UNIT

The Toronto index dropped 16% from the top of July 2018. If we get another 16% decline it will take us to a rising trend line support area.

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Trendline support has become resistance

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