I’m going to keep it short for the “non believers”.
The Canadian Index topped (in my view) back at 12, 800 on March …March something er rather.
As per the “normalcy bias” posts posted…then reposted…then reposted – it’s unlikely anyone up there gave the analysis a second thought as “this shit doesn’t happen in Canada!”
Here we can see a “retest” of the highs over the past few weeks…and the blatant rejection at “said levels” some weeks ago.
(you may need to click to enlarge this chart)
In any case…….it is what it is.
Still long yuros looks like whe migh’t gonna crack this top range and kill the so called head and shoulders doomscenario shorts. I readed sometime ago something about. The cad that the new governor is not a central banker so He might be more for a weaker cad isntead Of stronger will see if i can find that article later. Greetzz from a finnaly sunny holland