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PTP_PriceTurningPoints

Unemployment looks like it's about to skyrocket.I hope I'm wrong

Civilian Unemployment Rate (FRED:UNRATE)  
PTP_PriceTurningPoints  
FRED:UNRATE   Civilian Unemployment Rate
Trend Analysis Technical Indicators Wave Analysis
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trendanalysis indicator waveanalysis
I don't hear to much debate about what part of the business cycle we're in. We were in the part of the cycle when no profit generating companies go parabolic ( the of the cycle if you don't get the reference). This unemployment chart suggests we might be in for some darker days ahead.

Stay safe.
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