Civilian Unemployment Rate

Long

Unemployment Rate Double Bottoming at a 0.786

The Unemployment Rate looks like it's getting ready to spike higher as it Double Bottoms at the 0.786 and cracks above the 21SMA. If this plays out, it will likely spike to the highs or even make a new higher high. During all of this, I expect the macroeconomic data charts below to also play out:

Consumer Credit Balances:

Consumer Credit: Harmonically Set Up to Return Down To Trend

The Mortgage ETF:

REM: Partial Rise within an Ascending Broadening Wedge

US Interest Rates:

Harmonically, US Interest Rates are Headed Toward 35%

The REITs Sector:

Real Estate Sector; A Very Bearish Fractal

Also on:

Related publications

Harmonically, US Interest Rates are Headed Toward 35%

Consumer Credit: Harmonically Set Up to Return Down To Trend

Increasing The DXY Profit Target to $154 From $103

REM: Partial Rise within an Ascending Broadening Wedge

Month on Month US Inflation Harmonically Set to Rise to 1.94%

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