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TheSecretsOfTrading
Dec 30, 2022 9:53 AM

UNEMPLOYMENT RATE vs SPX 

Unemployment RateFRED

Description

So as you see - what comes down, must go up - UNEMPLOYMENT RATE is at record lows right now and when it did that - after some consolidation - it sttarted to grow - each time this happened, SPX entered a bear market.

Calculating the amount of days since the breakout of the UNRATE trend - it is a range of ~ 100 to 400 days before starting the decline on SPX - right now it looks like UNRATE has broken the trend for more than 300 days already.

So the decline isn't far. We haven't seen the worst yet.
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