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One chart nicely sums up what this entire week has felt like: in spite of being in the maelstrom of the earnings season, the market has absolutely no sense of direction. Below is the XLF (the financial sector). This has “indecision’ written all over it, as each day seems to undo the day before. The price gap defined at that horizontal line is key right now.
It’s another boring morning, with one exception – – one glance at CryptoStream will show you one localized meltdown.
