Information Overload!

In this video, we look at today’s continuation of the bounce back from the lows. Is this the start of the next leg higher or a head fake? We are at a point in the market where we can either continue our move higher or move substantially lower, and unfortunately, only time will tell. The good news is that we can trade this market from either direction and still make money. I am watching for the next upcoming data points of PPI, being reported in the morning before the open, as well as initial jobless claims and housing starts. Will these data points move us in a meaningful way?

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