Unemployment rate hits 10.2%. Brutal. That's 10.2% when the markets were expecting 9.9%. There is something psychological about the 10% mark with some people.
If we roll over here on the SPY then we will have a lower swing high on the daily chart.
Watch the 106 mark today to see if we can hold up in the face of this news. If we do, it will tell us something about the markets. If not, then we will have to wait for the next swing low for a measurement.
