TSX trading kicked off 2026 on a strong note with solid early gains, catching the attention of many traders eyeing year-start momentum. However, the broader weekly chart is painting a different story—headwinds are building as the week progresses, with potential pullback pressure emerging. The short-term strength masks underlying weakness on longer timeframes, suggesting traders should stay cautious. Position management becomes key here: the gap between intraday optimism and weekly trend deterioration could trigger sharp reversals. Market participants watching TSX should monitor support levels closely before the weekly candle closes.
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0xLostKey
· 23h ago
Looks like another "happy daily chart, crying weekly chart" market... I'm already tired of it. I ran out after a quick surge in the morning, don't be greedy.
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NFTRegretDiary
· 23h ago
A strong opening is just an illusion; the weekly chart is already collapsing... I've seen this trick too many times, and retail investors are still chasing the highs.
TSX trading kicked off 2026 on a strong note with solid early gains, catching the attention of many traders eyeing year-start momentum. However, the broader weekly chart is painting a different story—headwinds are building as the week progresses, with potential pullback pressure emerging. The short-term strength masks underlying weakness on longer timeframes, suggesting traders should stay cautious. Position management becomes key here: the gap between intraday optimism and weekly trend deterioration could trigger sharp reversals. Market participants watching TSX should monitor support levels closely before the weekly candle closes.