Issue 1,872 – Copyright, 2024, by Wyckoff AM Trader
Happy independence day! (week after)
DAILY:
Price is holding the close of the past two days. Volume has increased on these past two day. That's the start for a hand hold for the bulls.
YESTERDAY INTRADAY
[ Good morning. Today is SERIES S4H NORMAL. I would anticipate – Providing CASH agrees some settling in. 5. Cycle Bias: I'm still leaning bullish due to the volume spike at the end of the day and the gap down on Sunday. Trading back into the weekend gap down. 6. Honing (turns): Spill down, AM HIGH, MID AM LOW, lunch high, mid pm low, LAST HIGH.]
AM HIGH late and strong with a hook. MID AM LOW seal at 11:30 AM. Lunch high at late and strong at 1:55 PM. Mid pm low at 2:55 PM with some residual bear. Ending the LAST HOUR HIGH at 3:30 seal with some more at the last print.
Perhaps I don't drink the Kool-Aide or from another perspective I've drunk the Kool-Aide. Trump is mealy turning off the gravity. Waiting to see where it resettles. This game is older than time itself. First you have to get the shares from the weak hands to the strong hands. Second, you have to test the low for lower volume. Third you start marking the market back up.
Once the public get's in the fray with their 401K's and the Pain is over. Then there needs to be some puking going on. Run those stops. Rinse and repeat.
It was a wild ride, I'm sure. The end of the day had a major volume spike. (from Friday)
Boss uses a recruiter-approved coffee cup test in every interview—and he won’t hire anyone who fails it.
It’s what you do with your cup afterward that he’s keeping an eye on.
"Then we take that back, have our interview, and one of the things I'm always looking for at the end of the interview is, does the person doing the interview want to take that empty cup back to the kitchen?" Innes said"
Yea, I'd take it back cause my mom don't' work there!
If you're at a brokerage firm – 'forgit about it!'
You'd be fired if you did…
And now Cramer is on the bullish side.
WHAT A SHILL!!!
PROSE AND THE NUMBAHS
Good morning. Today is SERIES S1L. I would anticipate – After a hard showing by the bulls it may be the bears turn and play.
1. Last Night: Price has recovered the gap down from the weekend. Let's see what they got
2. Large Size: No large size of note. IT's been a grind to get to the 5100 handle.
3. 7:00 AM / Premarket: For now price is holding just under the highs of the CASH trade from yesterday.
4. News: No news of note. All times EST
5. Cycle Bias: I'm still leaning bullish, but this day is probabilities let's give the bears a turn.
6. Honing (turns): Spill odds up, loupe loop, LAST ODDS LOW.
7. Previous Day's Numbers:
Working through the technical issues.
8. Floor Trader Pivots
Working through the technical issues.
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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