Today was certainly a tough end to a relentless week, but at least now it can be put in the rear-view mirror. It seems everywhere we turn there is disheartening stat after disheartening stat, so this View will try to avoid repeating those as much as possible (although not entirely). While yesterday’s sell off left a foul taste in investors’ mouths and pushed indices back on to the doorstep of year to date lows, no important technical levels were broken (although the NDX did make a bearish new price low for the first since December ‘20).
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