Brandon50115

Minor correction S&P fueled by higher unemployment rate

TVC:SPX   S&P 500 Index
Non farm payrolls and the unemployment rate will be released today at 0830. A release higher than expected could fuel a minor correction. The chart displayed shows the negative correlation between the S&P and the total civilian unemployment rate . Because of the uncertainty of the release, RSI very high, and ATR falling; I would stay clear of the equities markets today until this release plays out. Just my thoughts.

Happy Trading
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