Issue 1,910 – Copyright, 2024, by Wyckoff AM Trader (New Version)
Daily: Let's start with the Monthly. On, it looks like the weekly. No change there, or is it? The month got a good start. Sure we bumped up against the lower levels of the Nov, Dec, Jan, and Feb lows but there is still a lot of wicks left in the candle—in this week.
Weekly: Rising support past three weeks. This week is higher. One small problem. Bulls can't absorb the 3990 handle. Bulls either can't or won't.
Daily: Today had a strong run up from the close and closed on it's highs. What more could a trader want?
[ Good morning. Today is SERIES S1H. I'm leaning cautiously bullish but It could crack today to the downside or the upside. ]
The clock was rock solid yesterday, but you had to hang on cause the spill down was a big ole bugger bear!
And to me at least it made sense, Globex over the weekend tried to test the Friday lunch low but it's got no volume. So, at the open the opened the flood gates. Any one who wanted to sell sold. The sold hard and strong. Then if by magic they turned to spirkets and just let price drift back up.
Spill down sealed at tad over 9:55 AM. AM HIGH can you say center time 10:35 AM. MID PM LOW center time 11:35 AM. And the lunch high 1:11 PM. With a mid pm earl and weak. This is the tell. Price is not going down. It is going back up. Seal at 2:10 PM. Then the LAST HOUR LOW. Guess what? When do you think the seal was?
PROSE AND THE NUMBAHS
SENTIMENT: U.S. Stocks May Move Lower After Trump Accuses China of Violating Trade Deal. Broadly Lower in Cautious Trade. swift changes in successive US court rulings on tariffs and a softer inflation report.
Good morning. Today is SERIES S2L. I'm leaning cautiously bullish, but it could crack today to the downside or the upside. Same today.
RECOMENDATION:
1. Tone Last Night: Peons got over their head. Tried to trade above the CASH high and got smacked down.
2. Large Size: No large size of any note.
3. 7:00 AM / Premarket: After the smack down. Nothing moving the needle trading round the 77 handle.
4. News: ADP Employment Report at 8:15, Raphael Bostic Speaks at 8:30, PMI Composite Final at 9:45, ISM Services Index & EIA Petroleum Status Report at 10:30, EIA Petroleum Status Report at 10:30. All times EST.
5. Cycle Bias: Still, Bulls showed up yesterday. Started weaking at the end of the day.
6. Honing (turns): Spill odds down, loupie loop, LAST HIGH ODDS HIGH.
7. Previous Day's Numbers:
Open 5943.50
Hod 13:25 5991.25
Lod 10:09 5938.25
Settle 5977.75
Volume 938,998
8. Floor Trader Pivots
DAILY 5969.08
R2 6022.08
R1 5999.92
S1 5946.92
S2 5916.08
WEEK 5912.50
Range 53
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)
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