TSX, XIU hitting up against a steel reinforced ceiling

This is a monthly chart for XIU or the ETF index that follows the Toronto market. There is significant resistance at the 14,500 level going back to 2011 and even the 2007-8 period. Look at that decline in volume since 2009, so much for high frequency trading! The ETF market has exploded the last 5 years which may also account for the decline in trading of XIU, and the resource market is not what it was 5 years ago. As the US market is showing signs of struggle I would expect the Canadian market do the same. A break with nice volume about this 14,500 would be positive, but I am getting a sense of indecision coming into the North American markets.