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.