Bullboard - Stock Discussion Forum iShares S&P/TSX 60 Index ETF IUTSF

Primary Symbol: T.XIU

The investment objective of the Fund is to provide long-term capital growth by replicating, to the extent possible, the performance of the S&P/TSX 60 Index , net of expenses. Under normal market conditions, the Fund will primarily invest in Canadian equity securities. The Index is a strategy index focused on dividend income. The Index is comprised of 60 of the largest by market capitalization... see more

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TSX:XIU - Post Discussion

iShares S&P/TSX 60 Index ETF > Technicals

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Post by Wheatkingtrad3r on Oct 09, 2019 6:17am

Technicals

XIU hasn't been doing much since February of this year. There is clearly some major sideways action going on with support at around $24. I'm bearish on XIU for the time being. TTIN has already broken through its support and the elephant in the room who's been sitting comfortably for the past 9 days (Hint: current month) can never be trusted. The political drama south of us is not helping matters either. Look for a breakdown and have your sell stops ready just in case. All the best!

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