Canadian Chronicles

Big week ahead for Canada

Happy Sunday!

We have commenced one of the most volatile weeks in HISTORY of the US markets. I had mentioned last Sunday during the stream that history is currently being made and we will see ranges this week that we have not seen before, especially if annual ranges are trigger (4800) and boy was I right. The idea was we could have FULL 346-356 point moves and even 689-696 point ranges. This played out insanely well and even put us at a SLIGHT odd of expansions before market makers held off.

Considering we’ve got a big week ahead with Canada reporting CPI and BOC rate decision, along with Powell scheduled to speak, I’m sure we can expect another week of volatility. We’re essentially now working with just under 1400 points in range and have yet to break above the mid point (although we came very close this week). So, how high are the odds that we can break that 696 point range this week, specifically considering we have big flips on the 14th and 16th? Let’s dive in!