Issue 1,888 – Copyright, 2024, by Wyckoff AM Trader
2026/2027, 2033, and 2055. Let's see. I'm thinking we might be seeing a black pope once the smoke clears…
May you live in interesting times…
Happy Independence Day! (fourth week after)
We are back on top. At least from the previous two weeks. Yep it's almost in the rear view mirrow. Bull came in with gusto the last hour Wednesday.
DAILY:
Price has now kissed the 50 day MA. That's something. Last hour was a:
IMPRO: tbohn007 :(3:46:30 PM) : they close green and we witnessed a master class of (you can imagine what he said)
IMPRO: Wyckoff Trader :(3:47:57 PM) : that funney @oo7
Sorry but that's what it really was. If you tried to trade between 11:30 AM to 12:30 well you just got cut up.
I'm saying on ward and upward.
IMPRO: Wyckoff Trader :(3:50:21 PM) : keep em rolling
IMPRO: Wyckoff Trader :(3:51:02 PM) : I may not sleep tonight
And I did not nursed it all nite.
One week left to go. Perhaps we can get to it.
YESTERDAY INTRADAY
[ Good morning. Today is SERIES S3L IFFY. I would anticipate – Bears fumbled the ball. I'll give then one more day for a slight pullback. 1. Last Night: That's what I was talking about. GLOBEX did what I was talking about lost the range of the previous day and now dipping into the lows. 2. Large Size: Some bears as I discussed entered into the fray overnight. 3. 7:00 AM / Premarket: Bears took advantage of the numbers and drove price down below the CASH lows. 5. Cycle Bias: I went to the bearish side due to the timid move taking out the previous two weeks highs. At 11:30 PM and 12:10 PM you can see price respect the oversold line by a quick touch and a snap back. Then at 1:30 PM price is unable to test the oversold like. That is indicating weakness on the bulls inability to gain a following at these lows. ]
YESTERDAY RECAP:
Now the question might be: Was it S3L or S3H? Perhaps it was leaning more to S3H due to how the LAST HOUR HIGH took out of the highs. It was muddy for most of the day. One could argue the spill down and then the AM HIGH at 10:55 AM. It's more shooting needles at elephants. No clear lean once price got back into the previous day's range. As I stated, what could have went on in CASH took all the play out during the GLOBEX.
PEONS drove it down and the CASH open just took price back up.
PROSE AND THE NUMBAHS
Good morning. Today is SERIES S4H IFFY. I would anticipate – It's the bulls turn. Perhaps Trump got an Ace up his pocket?
1. Last Night: After such a great close GLOBEX takes it higher. I closed my long trade around 5637 handle. I just could not hang in there any longer. Price get's up to the 5660 handle and finds some supply.
2. Large Size: Bigger bulls were seen all the way from the close up into midnight and after.
3. 7:00 AM / Premarket: Nothing moving the needle. Just holding the 5650 handle. Waiting on the open.
4. News: ADP Employment Report at 8:15, GDP & Treasury Refunding Announcement & Employment Cost Index at 8:30, Chicago PMI at 9:45, Personal Income and Outlays & Pending Home Sales Index at 10:00, EIA Petroleum Status Report at 10:30. All times EST.
5. Cycle Bias: It's the bulls ball to lose. Price is traiding up at the recovered highs. Prem across the board confirms. Let's see what they got.
Three doors: Normal, Wedge Zoom, Link Stink.
6. Honing (turns): Spill down, AM HIGH, MID AM LOW, lunch high, mid pm low, LAST HIGH.
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: May 12 Flower Moon 12:56 p.m. Summer Solstice (Equinox) June 20 1:41 p.m. (all times Est)
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