Canadian Imperial Bank of Commerce (CM.TO) has recently moved into the Favored Green Zone of the SIA S&P/TSX 60, reflecting a strong 28.16% YTD gain and a perfect SMAX score of 10. The stock has broken out of a two-year consolidation range, with support levels at $57, $66.54, and $73.47, and resistance at $89.56 and $100.86. It is noteworthy that major Canadian banks had been absent from the SIA S&P/TSX 60 Index Report for some time, so CM.TO’s inclusion is significant, aligning with earlier movements observed in other banking names in the SIA S&P 100 Index Report.