I'm just the messenger.
SPX - orange
Unemployment Rate - Blue
Indicator - Moving Average out of Unemployment Rate
This isn't a rule, as many sectors influence the market, but big crashes have been paired with a growing Unemployment rate. Here we can see that it bottomed and is consolidating - which proofs a strong economy and no need to crash - this suggests the ongoing decline was just a correction.
To visualize this a bit more - I have coded a simple moving average to see when that curve will start heading up - and for now it isn't even turning up - this allows the market to push up before it starts turning.
But when it will ... Hold on to your seats lads and ladies. It's gonna be a fast ride.
Cheers!
SPX - orange
Unemployment Rate - Blue
Indicator - Moving Average out of Unemployment Rate
This isn't a rule, as many sectors influence the market, but big crashes have been paired with a growing Unemployment rate. Here we can see that it bottomed and is consolidating - which proofs a strong economy and no need to crash - this suggests the ongoing decline was just a correction.
To visualize this a bit more - I have coded a simple moving average to see when that curve will start heading up - and for now it isn't even turning up - this allows the market to push up before it starts turning.
But when it will ... Hold on to your seats lads and ladies. It's gonna be a fast ride.
Cheers!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.