Issue 1,833 – Copyright, 2024, by Wyckoff AM Trader
Yesterday: Good morning. Today is SERIES S2L with the spill down.
It's been a while since I've said that. Bag holding it was. Weaker traders just kept selling into a hole/bag till about 10:20 AM, You can see 10:00 AM 10K lots come in at the 58. Then a pop up at 10:10 AM and a push back down. Price is starting to get buoyant. A 19 handle move up is more than buoyant.
It's odds on a S1 day. Perhaps we get the KEWPIE DOLL TOMORROW?
That was yesterday. I'd say we got the KEWPIE DOLL YESTERDAY!!!
It really was a no brainer. We got the fill gap. It's what the bulls wanted. And it was filled. Now that the braggin rights are over. Do we round over? Well, what is Trump's plan tomorrow? Nothing but net all the way up to the gap fill at 11:30 AM. Bulls got the bragging rights. Price pulls back to 12:30 PM the halfway correction and then rallies back up the high to wetbeak the intraday high.
Perhaps a bit of a pull back to see what the bears got.
I said this earlier:
So Trump is going to Monetize the American assets? Just gets better and better. I can see many ways that can go. Adds a new handle on to the negotiating. To start understanding this market better, we have to look at it as the "Art of the Deal" 2025 Edition.
What I'm saying is for some reason no other talking head has seen – we seem to be leaning in the venachalior of China. Deep seak phrases are creaping into the tech topology. Even Trump said it; "if we don't do it China will!" In a speech a few weeks ago.
SO if we are not careful. With the Sovreign Wealth Fund, it gives Trump another bargaining chip to work with. As China, requires IP (intellectual property) and a piece of the action with any American company it does business with. Now, Trump is getting a piece of the action with any company America does business with i.e. Warrants and offerings).
It's China Socialism with a capitalist flip!
Perhaps this will help him hedge off his risk in the boondockle…
I've been talking about that and I will be the first to say: "If Trump is not careful. If Trump is out Trumped by billionaire boys club, he will be building a highway / bridge to nowhere. It might be called Trumps boondockle. If you just do the math you will see a potential 300 data centers could be built. That is if we could get the capacity for the KW/Giga Terra Watts to the concrete buildings.
(see the videos and math from the previous weeks)
As you know, it's been Elon's dream to build the X everything app. Now that he has the top talent working in the White House, He's got the dream team for the everything app. When all of this is over. It was probably one of their promises for the job. (why else would you work for no pay?)
It's still a good read.
Yea, I looked just like them at my ripe ol age of 22… Right, we didn't have engineers in their 20's!
All I can say is someone in the know . . . knew!
PROSE and THE NUMBAHS
Good morning. Today is SERIES S3L with the spill down.
1. Last Night: What do you think Globex does after a Wetbeak close? Drifts back down to the halfway retracement. Finds a bid at the 21 and trades back up to the halfway retracement of that reaction. Currently trading 6044 handle.
2. Large Size: About 3,000 came in at the 39 around 3:00 AM. Another 3,000 at 8:00 AM at the 35 handle.
3. 7:00 AM / Premarket: Bulls got a little excited after the numbers. Perhaps a small rally. And 5,000 at 8:30 AM checked the rally at the 44.
4. Todays News: ADP Employment Report at 8:15, International Trade in Goods and Services & Refunding Announcement at 8:30, ISM Services Index at 10:00, EIA Petroleum Status Report at 10:30. All times EST.
5. Cycle Bias / Tone: Today is the day when if price retreats, dips, pulls back it's a good day to do it. Let's see what the bears got.
Last high of day mid pm high.
6. Honing (turns): Spill up, AM LOW, MID AM HIGH, lunch low, mid pm high, LAST HOUR LOW
7. Previous Day's Numbers:
Open 6023.50
Hod 14:37 6068.75
Lod 09:32 6018.00
Settle 6051.00
Volume 987,038
8. Floor Trader Pivots
DAILY 6045.75
R2 6096.50
R1 6073.75
S1 6023.00
S2 5995.00
WEEK 6081.00
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: February 12 Snow Moon 8:53 a.m. Spring Equinox March 20 5:01 a.m. (all times Est)
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