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

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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)

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SPY 4-Hour Chart 📊 (C wave short)

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SPY 1-Hour Chart 📊

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SPY 15-Minute Chart 📊

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What do you think about this setup into the December Jobs Data tomorrow? Let me know in the comments below! 👇🏼
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SPY 4-Hour (RSI & MACD) 📊

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SPX Daily (MACD) 📊

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SPX 4-Hour (MACD) 📊

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