TSX Close To Major Sell Signal

With gold and silver rallying so much lately and the Toronto Stock Exchange heavily laden with those stocks I would have expected this index to be performing much better than it actually is.  Having reversed off the trend line and never rising above the 70 level on RSI (which would indicate strong relative strength), this index is looking very week from a longer term time frame when using the 3 line break chart view.

We're not quite there yet but it looks like I'll be issuing a sell signal on this market sometime in the next week or two.

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