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Futures Bouncing at Key Support – Jan 6, 2021

After a sharp sell-off yesterday, and more selling into the overnight, traders are trying to hold the bounce off support regions near 4668 – the last area of support noted on our levels that I put up early in the week. Jobless claims tick up just a bit – probably due to more lockdowns in certain parts of the country.

Trading is messy but volatility, as measured by the VIX, is not rising. Please meet me in the Teams room for details on what I am looking at today and what we might see for the trading space.