📜 THE AM TURN
A Wyckoff‑Structured Reading of the Prior Session
Legal Disclaimer: The AM Turn is an educational commentary on market
structure and operator behavior. It does not provide investment,
trading, legal, or financial advice. All market activity involves risk,
and past behavior does not guarantee future results. Readers should
perform their own due diligence and consult qualified professionals
before acting on any information contained herein.
Issue 2,061- Copyright (c) 2026. All rights reserved.
Keeping WB's Clock Alive Since 2017
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FROM THE DESK OF WYCKOFF TRADER
(Read the Terminology at the bottom if you need clarification on
Wyckoff/WB/ME‑isms)
"As you study the market each day, remember that its movements are the
deliberate expressions of the large interests, and your task is to
observe them without haste or bias. In The AM Turn, I ask you to read
each session as a lesson from the Composite Man himself, for he reveals
his intentions to the student who watches with discipline and an open
mind." — Wyckoff Trader
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📜 Good morning. Today is SERIES S3L.
🎛️ Tape Read: 🏛️🐂💲
🧭 Honing Turns: Spill up → AM low → Mid‑AM HIGH → Lunch low
→ Mid‑PM high → Last‑Hour LOW
SERIES DAY (ALL TIMES EST — NEW YORK CITY)
🕒 Spill 9:30-9:57
🕒 AM 10:00-10:57
🕒 Mid‑AM 11:00-11:57
🕒 Lunch 12:00-1:57
🕒 Mid‑PM 2:00-2:57
🕒 Last Hour 3:00-3:57
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🌤️ MARKET WEATHER
After testing the 10:00 am low, the market gets a bid but is unable to sustain it.
Perhaps more testing at the lows. News-driven Algo rush.
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⚡ THE COMPOSITE MAN'S BIG TEN
The S&P 500 is no longer 500 stocks.
It's 10 stocks with 490 passengers.
NVDA, AAPL, MSFT | AMZN, GOOGL, GOOG, META | TSLA, AVGO, BRK.B
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✉️ READER'S NOTE
Q: "How can I tell when the Composite Man is absorbing supply rather
than distributing?"
A: Absorption is marked by firmness on reactions and a reluctance of the
price to decline despite active selling; distribution reveals itself
through labored advances and a tendency for the price to fall easily
when demand pauses. Study the character of the movement, not merely its
direction.
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Dates
📅 February 7 — Dog Moon, 7:11 a.m.
📅 April 21 — Spring Solstice (Equinox), 11:11 a.m. (all times EST)
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💬 FEEDBACK & CORRESPONDENCE
If you have thoughts, questions, or observations about today's issue of
The AM Turn, you may write directly to the desk at
feedback@wyckoffamtrader.com.
Every note is read with care, and while individual replies are not
always possible, your insights help refine the work and sharpen the
daily study of the Composite Man's operations.
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(c) 2026 The AM Turn. All rights reserved.
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