CPI Week

More uncertainty ahead?

Good afternoon!

First off, WOW! I’m sure the market is leaving everyone speechless at the moment and fearful of what’s next to come. I had discussed previously that the failure of 5488 puts us at immense risk of 5100 but the fact that we achieved that in a single day is outrageous. So, does this mean we’re going to be free falling from here on out? Stairs up, elevator down? Is the cycle entirely over for bulls or is this merely just a short term correction?

There is talks of an upcoming recession, especially for those of us up north in Canada. With tariff wars mongering and much uncertainty, it’s tough to make that call. But what we can say with zero doubt is that we understand the range we are working with and the type of market dynamics, meaning things can change and they can do so quite rapidly in both directions. Let’s dive in.