.PAYCHECK Index
Updated
I was watching bloomberg today and an analyst mentioned the 'economy paycheck' as a measure of (payrolls * average hourly wages * average hours worked in a week)
Here I have made the same index for observation.
Interesting how it reversed clearly as the 08 crash happened and then bottomed clearly in 09; williams trader called for long in 2011 and also 2014.
Pretty cool little index to watch; I just put some fib on there but it's basically useless imho as the QE cash flowing in has just allowed the paycheck index to barrel through any kind of levels this might suggest.
Enjoy the index; tell me what you are seeing!
GL HF
xoxo
-Snoop
Here I have made the same index for observation.
Interesting how it reversed clearly as the 08 crash happened and then bottomed clearly in 09; williams trader called for long in 2011 and also 2014.
Pretty cool little index to watch; I just put some fib on there but it's basically useless imho as the QE cash flowing in has just allowed the paycheck index to barrel through any kind of levels this might suggest.
Enjoy the index; tell me what you are seeing!
GL HF
xoxo
-Snoop
Note
interesting thought: sept 2008 was first red print... what about sept of 2018 10 years out from the crash? Will we see a red print next month (when september's data is released?)if so... beware!
Note
breakout 2618...Note
no red print either...Note
qe madness continues without failNote
printNote
negative printNote
2787.4 was spx500 when I published this idea proposing strengthNote
spx500 is now 2364.7Note
***3264.7 whoops I transposed the 3 and 2 aboveNote
just about 900 point gain!
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