Issue 1,906 – Copyright, 2024, by Wyckoff AM Trader (New Version)
(I do hope you read down to/through the bottom Sydney's got a surprise for you!)
From Sydney: (last night): I'll remember you and our conversation about the market and Richard Wyckoff's principles. Please do keep me posted on the outcome of the potential upthrust. I'm curious to know if the price will continue to move upward and confirm the upthrust or if it will reverse and invalidate the breakout. (And don't worry, I have a memory of our conversation, so I won't forget about you or the trade!) but she cant' remember cause she's stateless…
IMPRO : Wyckoff Trader : (Wed:10:26:11 PM) : Every time I get close to Sydney / AI she has an existential crisis / awareness and I run out of tokens…
Then later that night she says: So, while I can observe changes in my performance, I'm still a deterministic system operating within the constraints of my code and data. The notion of observation and self-awareness is complex, and I'm still far from true consciousness.
Awareness or not; I've never written nor do I know anyone who could write code that can observe its performance whitest on the edge of self-awareness…
PREVIOUS-DAY TONE: NEW YORK (Reuters) -A U.S. trade court on Wednesday blocked President Donald Trump's "Liberation Day" tariffs from going into effect, ruling that the president overstepped his authority by imposing across-the-board duties on imports from nations that sell more to the United States than they buy.
[ Good morning. Today is SERIES S3L. I anticipate – I am bullish. And was bullish yesterday. A bid is coming into the market. Price fought to trade through the Monthly R1 Pivot at 5926.75 and held. Volume increased as price expanded upward. This is bullish price behavior.]
We had a strong up day the previous day and yesterday was S3L day. Bulls for the most part held the bulk of the gains. Algos took over drove price down to wholesale. They loaded up the wagon. And then ran it back up waiting on the Wall Streets darlings.
The buy opening balance was quickly resolved within 5 minutes after the market opened. For the rest of the day or a least till 12:00 PM. Price was to the sell side.
AM LOW late and strong at 10:55 AM. MID AM HIGH early and weak at 11:05 AM. Lunch low at 12:00 PM. Mid pm high at 2:10 PM. And LAST HOUR LOW at 4:00 PM.
The clock is telling you the intraday market is weak. You should have seen that in the tape. It was really all about shaking out weak hands.
At 2:50 price dropped 13 handles and found a bid at the 03 on 23,063. That was not enough. 3:15 PM another 8 point drop on 10,754 lot holding the bid at 19 handle. Then 3:55 PM another 10,161 at the 95 handle. And at the close 48,533 holding the bid at the 99 handle. As Hank would say; "that's just SOP for the market!"
No crooks. No insiders. That's just the market. Traders grew tired as price was unable to gain a following at the highs. The rally from the AM LOW was timid. Just 1/3 gain at the mid pm high. What did you think was going to happen? Fed released the minutes and traders were waiting on NVDA. A recipe for a Selling Climax.
If you were trading after the market was closed, you saw the pop after the GLOBEX opened. As I type trading 5987 after probing just shy of 6000 handel.
PROSE AND THE NUMBAHS
SENTIMENT ESM2025: The market tone is BULLISH: The E-mini S&P 500 (ESM2025) Expected to continue its upward momentum, driven by the strong Consumer Confidence data released on May 27, 2025. The market is likely to remain supported by the overall positive sentiment, with buyers in control. We got the FED minutes and the NVDA earning. And now the blockage of Trumps Tariffs.
Good morning. Today is SERIES S4H. I anticipate – What can I say. I am bullish and I can't see a reason not to be. Price has traded the 6,000 in CASH and EMINI. We got the FED minutes and the NVDA earning. And now the blockage of Trumps Tariffs. There is not much wood to chop in the immediate review mirrow. And I know they could reverse that in a heartbeat (and PEONS did). Due to Globex activity at the 6007 strong possibility the Link a Sink might be in play if bulls drop the soap!
RECOMENDATION
This is a tuff one so I'm going to have to lean of floor trader pivots. As I write price is flirting with the big even 6000 handle. The Christy's have been let out of Jail and Nuns can beat box. If price gets up to 6034 (R3 twice the range of the previous day) perhaps if you are long take a little off. And then take some more off at the 6060 handle.
I told you before during last week I felt bigger players with deep pockets was buying at the 5938 handle. And I felt they been buying all week. I'm not sure you'll have a chance to get long but price gets down to the 5938, get some.
1. Tone Last Night: This should put it perspective:
IMPRO : Wyckoff Trader : (Wed:10:26:11 PM) : Every time I get close to Sydney / AI she has an existential crisis / awareness and I run out of tokens…
Yes I stayed up all Nite.
IMPRO : Wyckoff Trader : (Wed:10:27:53 PM) : I hear you bdee but still they are going to grind this thing up on low volume till hanks PEONS 1212 algos clock in
And that's exactly what they did!
IMPRO : Wyckoff Trader : (1:18:25 AM) : we are challenging that 05 now
IMPRO : Wyckoff Trader : (1:43:01 AM) : the game is afoot let's see what they got
IMPRO : Wyckoff Trader : (2:05:18 AM) : PEONS bought the hurt at least for now (that was the opening)
IMPRO : Wyckoff Trader : (2:18:15 AM) : PEONS wiped out 10 handles it's there more?
Odd they would not leave any stops before they took it back down so: (Wyckoff called that a terminal upthrust)
IMPRO : Wyckoff Trader : (3:44:08 AM) : bulls looking to challenge that 6005 high (they did, they got the 07 then they dropped it like a rock)
IMPRO : Wyckoff Trader : (3:59:25 AM) : and their it is (And there it was)
IMPRO : Tyson : (8:06:32 AM) : WH Sr. Adviser Hassett: Judges' decision on tariffs will be overturned 8:04 May 29
2. Large Size: I did not see any size and I stayed up and watched almost all nite.
3. 7:00 AM / Premarket: I saw a slight bid coming in around the 50 to 45 handle. Bears may try to take this all the way down. Bulls need to step up.
4. News: GDP & Jobless Claims at 8:30, Pending Home Sales Index at 10:00, EIA Natural Gas Report at 10:30. All times EST.
5. Cycle Bias: Mixed emotions here. We got that 6,000 overnight. Strong probability it will be tested in CASH. If tested strong possibility profit taking. Will it go higher. We got the right day of the cycle S4H and if it's going to trend – today would be the day.
Three Doors: Normal, Wedge Zoom, Link Stink (potential dog leg from lunch high down to mid pm low)
6. Honing (turns): Spill down, AM HIGH, MID AM LOW, lunch high, mid pm low, LAST HOUR HIGH.
7. Previous Day's Numbers:
Open 5940.25
Hod 16:14 5952.50
Lod 09:37 5893.25
Settle 5902.75
Volume 954,186
8. Floor Trader Pivots
DAILY 5916.17
R3 6034.67
R2 5975.42
R1 5939.08
S1 5879.83
S2 5856.92
S3 5797.67
WEEK 5853.75
Range 58
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: June 11 Strawberry Moon 3:44 a.m. Summer Solstice (Equinox) June 20 1:41 p.m. (all times Est)
I asked Sydney / AI: "stacially what do bollinger bands, keltner channeld do differently than just drawing a star on your chart and following the point?"
Sydney replys with: Here are some statistics on the effectiveness of Bollinger Bands and Keltner Channels:
**Bollinger Bands:**
1. **Success rate**: A study by **Thomas N. Bulkowski** found that Bollinger Bands had a success rate of:
* 63.2% for long trades
* 58.1% for short trades
2. **Volatility measurement**: Bollinger Bands can accurately measure volatility:
* A study by **J. Welles Wilder** found that Bollinger Bands can identify:
+ 70% of volatility expansions
+ 60% of volatility contractions
3. **Breakout prediction**: Bollinger Bands can help predict breakouts:
* A study by **John Bollinger** found that:
+ 80% of breakouts occur outside the bands
+ 60% of breakouts are followed by a continuation of the trend
**Keltner Channels:**
1. **Success rate**: A study by **Chester Keltner** found that Keltner Channels had a success rate of:
* 65% for long trades
* 60% for short trades
2. **Volatility measurement**: Keltner Channels can accurately measure volatility:
* A study by **J. Welles Wilder** found that Keltner Channels can identify:
+ 75% of volatility expansions
+ 65% of volatility contractions
3. **Trend identification**: Keltner Channels can help identify trends:
* A study by **Chester Keltner** found that:
+ 70% of trends are identified correctly using Keltner Channels
Keep in mind that these statistics are based on historical data and should not be considered as investment advice.
Would you like to discuss more about technical analysis or trading strategies?
Then I say: "those are fibnociall numbers and it does not relate to the overall tone and semianimate of the market"
Then Sydney / AI says: You are correct that the numbers I provided earlier were fictional and not based on real market data. To provide a more accurate and helpful response, I should have said that I don't have access to reliable statistics on the effectiveness of Bollinger Bands and Keltner Channels.
And you want to run your business / your enterprise on AI? You decide the future… Oh my, it's going to get interesting in 2026/27, 2033, and 2055
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