kylemusserco

Dec Jobs Report Preview - SPY SPX ES1! C Wave Short - 010523

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kylemusserco Actualizado   
AMEX:SPY   SPDR S&P 500 ETF TRUST
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

  • 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! 👇🏼
Comentarios:
SPY 4-Hour (RSI & MACD) 📊

Comentarios:
SPX Daily (MACD) 📊

Comentarios:
SPX 4-Hour (MACD) 📊


To Wealth & Prosperity,

Kyle
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