Coincidentally or perhaps not, the weird jobs report from Friday happened to hit just as we are sitting at these levels.
CPI and PPI data have just become amplified by a significant degree on Wednesday and Thursday following Friday's surprise.
Traders need to take note of this amplification both after AND before the release of this data.
I spent a majority of this weekend's Zenolytics Turning Points note discussing these levels and what to expect for the remainder of August after Friday's report.
It's going to be a helluva week. Strap in.
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