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Brandon50115

Minor correction S&P fueled by higher unemployment rate

S&P 500 Index (TVC:SPX)  
Brandon50115  
TVC:SPX   S&P 500 Index
Technical Indicators Beyond Technical Analysis economics macroecomonics Relative Strength Index (RSI) ATR S&P 500 (SPX500)
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indicator beyondta economics macroecomonics relativestrengthindex atr spx500
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.

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