Dec Jobs Report Preview - SPY SPX ES1! C Wave Short - 010523
Updated
Wanted to quick share a SPY chart ahead of the December Jobs Data, which is scheduled to be released tomorrow morning Friday, January 6th: UNEMPLOY USNFP
Looking at the 4-Hour Chart, looks like we have a C wave playing out. Also looks like the 4-Hour MACD is getting ready to roll over:
MACRO NOTE: Good news (hot jobs) = Bad news (tighter Federal Reserve) aka "Higher for longer"
SPY Daily Chart 📊 (C wave short)
SPY 4-Hour Chart 📊 (C wave short)
SPY 1-Hour Chart 📊
SPY 15-Minute Chart 📊
What do you think about this setup into the December Jobs Data tomorrow? Let me know in the comments below! 👇🏼
- *Unemployment Rate (UNRATE)
*Unemployment Level (UNEMPLOY)
*Non Farm Payrolls (USNFP)
*Average Hourly Earnings YoY (USAHE)
*Participation Rate (USLFPR)
*Manufacturing Payrolls (USMP)
*Average Weekly Hours (USAWH)
Looking at the 4-Hour Chart, looks like we have a C wave playing out. Also looks like the 4-Hour MACD is getting ready to roll over:
MACRO NOTE: Good news (hot jobs) = Bad news (tighter Federal Reserve) aka "Higher for longer"
SPY Daily Chart 📊 (C wave short)
SPY 4-Hour Chart 📊 (C wave short)
SPY 1-Hour Chart 📊
SPY 15-Minute Chart 📊
What do you think about this setup into the December Jobs Data tomorrow? Let me know in the comments below! 👇🏼
Note
SPY 4-Hour (RSI & MACD) 📊Note
SPX Daily (MACD) 📊Note
SPX 4-Hour (MACD) 📊
To Wealth & Prosperity,
Kyle
Kyle
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