Issue 1,823 – Copyright, 2024, by Wyckoff AM Trader
Yesterday: Good morning. Today is SERIES S4H with the spill down.
I trust you got to enjoy Monday. I've never seen one of those. Strange. I thought I'd see the bible. Instead, I saw the billionaire boy's club. I think Barren will fit right in. Wasn't too happy with the guy on the left of Elon. No not the bald headed guy. The guy with the beard.
Let's see what the future holds…
Snoop dog down with Trump, not so biggie would be or Tupac…
My read is mostly we will start to see money coming into the market. Perhaps not all at once. Overall Friday was a strong day. Perhaps the close was not a strong as a bulls would have desired but still it held the 10:30 AM rally.
IT's been a three-day Normal holiday. Let's see how price starts to shape up after the open. Now, the election is over. The swearing is over. The previous party rule is over. Let's see how/where the billionaires boys club places their loyalty in the next few days.
PROSE and THE NUMBAHS
Good morning. Today is SERIES S4H NORMAL with the spill down.
1. Last Night: Price sold off the the Fridays' low and then recovered to the half way retracement. It got really rocky overnigh. Perhaps that's when the Village People were playing. Shook out all the weak hands.
2. Large Size: Some large size is coming in lifting the offer
3. 7:00 AM / Premarket: Price is currently holding.
4. Todays News: No news to move the needle. All times EST.
5. Cycle Bias / Tone: I'm still bullish. At least for now. I can't really see a reason the sky is falling.
Three doors: Normal, Wedge Zoom, Link Stink.
6. Honing (turns): Spill down, AM HIGH, MID AM LOW, lunch high, mid pm low, LAST HOUR HIGH
7. Previous Day's Numbers:
Open 6026.75
Hod 11:10 6051.50
Lod 16:15 6012.75
Settle 6030.25
Volume 1,071,500
8. Floor Trader Pivots
DAILY 6031.50
R2 6070.25
R1 6050.25
S1 6011.50
S2 5992.75
WEEK 5926.00
The clock is used to time your entries and exits. Position long at the lows, exit at the highs, get short at the highs, and buy-in at the lows. When the trend is in, WB's clock is your friend!
Your edge is a series of trades, not just one trade or one day.
Dates: December 15 Cold Moon 4:02 a.m. Winter Equinox December 21 4:21 a.m. (all times Est)
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