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.
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.