Short the unemployment pop?

FX:NAS100   NASDAQ 100 Index
Inspired by the analysis of @pkcap, all mistakes are my own
Chart shows the relationship between the NAS100 index ( futures ) and unemployment. Note the pop in unemployment due to covid lock down.
Will the index fall? Can it be propped up by the Fed until elections?
Comment: Thanks again to @pkcap for sharing his idea.


Great chart. Might also want to take a look at the relationship between the markets, unemployment, bond yields, as well as technical indicators (ATR, Williams %R). It's quite say the least.
Your chart also seems to suggest that peak unemployment triggers a bull market with 2001 as an exception. Nice chart.
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