Submitted by Mark Hanna
Courtesy of MarketMontage. View original post here.
This chart sums it up – the market has been all about Tuesdays since mid January. Flat otherwise. What is peculiar is that while some of us were talking about this pattern 6-7 weeks ago, it has in the last few weeks become obvious to everyone – yet still continues. That’s not how it used to work…once something becomes obvious on Wall Street it traditionally fails quite quickly.
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