Is the Canadian market heading lower?  We are now two weeks off an important test of the January/February lows. If the market is simply retracing from an oversold state, then we should should see the Canadian market struggle at these overhead resistance levels. We will be observing if the 17.40-17.60 levels on the XIU contain all rally attempts.  If it does, then there are a number of bearish scenarios to consider. 

For more information watch our Canadian Market Minute video:
http://www.optionsource.net/mediaplayercanadian.php