WyckoffTrader-AMTurn-07252024
YES. I have skin in the game. I trade my own personal account. Sardine / Tuna / Billfish trades are for educational purposes only. I am NOT a futures broker and do not manage any accounts. It is my intent to show where trades may occur. What you do is up to you. You can follow my IDEAS to profit or loss. You determine trade size, when, where and how you trade. (CFTC) Futures is not for everyone. IT IS A VOLATILE, COMPLEX AND RISKY BUSINESS. Before you invest, know how much you can afford to lose.
NEWS / FUNDAMENTALS
(Reuters)
After ending yesterday's choppy trading session modestly lower, stocks showed a more substantial move to the downside during trading on Wednesday. The tech-heavy Nasdaq showed a particularly steep drop on the day, tumbling to its lowest closing level in over a month.
Yesterday's Technical Review using
WB's Emini Clock and Wyckoff's Tape Reading Principles
From Yesterday: Every trader. Has Their Own Opinion. And every market and every trader is right with their opinion. The rub is remembering that the market can remain wrong longer than you can remain right…
Due to the computer, I've had to write this twice. I can't find yesterday's version anywere.
Well, if it's on the telepromptor it must be true. Who knows what the future holds? Tech just gave it up. Seems AI is not where they thought it would/shoud be? AI and ALGOS. Do you think they start with a A so they start first in the dictionary? If WB was here he'd have a field day!
Price opened gap down. Twice the range of the previous day. Seems no one want's to be in tech. The Golden Goose did not come through. TSLA and NVDA droped. I had the day as S3H day. Not a fan of that day.
The AM HIGH early and weak. The MID AM LOW late and strong. Go figure. I think you know how this is gonna end. Lunch high 1:25 pm. We got two turns left. The mid pm and LAST HOUR LOW. If you want to get short the lunch high is a good place.
WHY? Bulls have had from the MID PM LOW (11:30 am) up to (1:25 pm) lunch high to hold on to the soap. Price traded within a 12 handle range. And well, Hanks's algos are looking to get the boys in CT to throw up their lunch. And the afternoon trade is getting ready to kick up.
We are looking for the mid pm low. That's between 2:00 pm and 2:57 pm. And where do you think that seals? You guessed it at the 2:55 pm marker.
Next is the LAST HOUR LOW. Oh no, who would have tought? It's late and strong at 3:55 pm.
Wyckoff Trader,
P.S. If you've read this analysis, you might be curious when the best time to consider a position: (Sydneys / AI Read)
As a seasoned eMini futures trader, I would suggest the following based on the information provided:
In summary, it's important to be patient, wait for clear resistance levels and signals, and be flexible in changing market conditions. Paying attention to volume and how it affects price movement can also help in making informed trading decisions.
And they want Sydney / AI robots for politicians. Can you not see she does not really understand. She just tokonizes everything and spits it back at you. The pigs are on the airstrip. Soon pigs will start to fly… (subsuite pigs for ?)
With that started here are the "PROSE and THE NUMBAHS"
good morning today is SERIES S4H with the spill down.
News: Durable Goods Orders & GDP & Jobless Claims at 8:30, EIA Natural Gas Report at 10:30. All times EST.
Last Night: See Actionalble Trade Plan above.
Edge: It's a jump ball day. My lean is to the up side.
7/8/9 AM: Price has been negoating the 5460 handle and holding.
Today: See Actonable Trade Plan above.
Bulls Want: 58, 69, 78
Bears Want: 43, 27, 19
Globex: 39 handle trading range on 318 K volume.
Cycle Bias: Favored to the bear.
Tone: VIX trading at 18.75
Shape of the day: Normal, Wedge Zoom, Link Stink
Honing: Spill down, AM HIGH, MID AM LOW, lunch high, mid pm low, LAST HOUR HIGH.
Bill Fish (4H/4D) Bailed on thier long position. OUT
Tuna (30m 1+D) Bailed on thier long position. OUT
Sardine (5M-1D) When short at the open. OUT.
Pre Opening: Seeing some supply at the 5460 handle.
The clock is used for timing your entries and exits. Position long at the lows exit at the highs. Get short at the highs 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: March 25 Worm Moon 3:00 a.m. Spring Equinox March 20 5:24 pm (all times est)
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