Thank you for joining us for our weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index.
Despite the Paris attacks and extreme negative investor sentiment, the INK CIN Index bounced off its lower Bollinger band, as we suggested was likely. The bounce has so far been modest, clocking in at around 2%. More importantly, the index still remains under the key 1000 level. The Index needs to make some headway this week in order to avoid having the 1000 level join 1020 as another tough-to-crack resistance level.