TSX - W and M - What is going on Man?

Looking like we have a nice little double bottom starting to form up on the daily chart. Trying to get back to 12,900....then a break above that would be significant. Perhaps more movement in the resource markets and in particular oil will keep things moving this summer. Looks like a bull for now....

The weekly chart emphasizes the 12,900 as a key resistance point. Interesting with a longer view we have the invert of the W...an M pattern (Head and Shoulders). If that 12,900 is not broken we could be heading into a difficult autumn, which is seasonally typical. Ride the short wave up, if it fails.....take a short position into the autumn.