Issue 1,748 – Copyright, 2024, by Wyckoff AM Trader
"Good morning. Today is SERIES S4H with the spill down. Edge: We gone too far to turn back now? That would be my guess. Why be cautious when the market been throwing caution to the wind? IMPRO: PTGDavid :(2:10:38 PM) : We are in the "end of days" Damian, so your shorts should pay well when it happens Shape of the day: Three doors: Normal, Wedge Zoom, Link Stink. Honing: Spill down, AM HIGH, MID AM LOW, lunch high, mid pm low, LAST HOUR HIGH."
That was yesterday. And today: 82 handle day to the down side. I use Damian indicator. And Damian stats to come out and tout the bear story as traders just RAGG on him. To me, this siginals the high. IT was a S4H day. And three doors Normal, Wedge Zoom, Link Stink.
The Normal door was shut almost at the open. PEONS get price over their skies. You can see nothing but selling at the open. By 10:00 am price was trying to wetbeak the high of day and getting checked by floor trader pivot R1. That a good place from a early and weak AM HIGH. If you went short there or as we came into the privious high of day. It would have been a good day.
A link a stink was just what yesterday was. Selling each and every rally all the way back to the big even. You can see about 11:40 am late and strong MID AM LOW leads to the lunch high early and weak at 12:30 pm. The mid pm come in just after 2:00 pm early and weak.
IT's just a STINKER OF A DAY IF YOU ARE A BULL!
Heard in the chat:
IMPRO: :(2:52:51 PM) : does the babby have training wheels on the bicycle?
IMPRO: :(2:54:56 PM) : Bubba micro ES and NQ are great for beginners and rookies, you can't lose much. but for us, no way.
IMPRO: :(2:56:06 PM) : 1 ES today $4025.00 1 MES today $402.50
IMPRO: :(2:57:16 PM) : on those that are "funding" expect a visit from the FBI = https://www.peterlbrandt.com/the-we-fund-you-prop-trading-industry-should-be-immediately-shut-down/
PROSE and THE NUMBAHS
Good morning. Today is SERIES S1L with the spill up.
News: Jackson Hole Economic Symposium & New Home Sales & Jerome Powell Speaks at 10:00. All times EST.
Last night: After a hard sell off Thursday, Globex traders turned on the green buy sign. Let's see what they think come opening print.
Edge: We gone too far to turn back now? That would be my guess. Why be cautious when the market been throwing caution to the wind? Ok some threw out the offer and started hitting bids. Today, let's see what JP down in Jackson Hole.
IMPRO: DAMIAN197 :(2:07:38 PM) : https://www.zerohedge.com/markets/us-jobs-revised-down-818000-election-year-shocker-second-worst-revision-us-history
IMPRO: PTGDavid :(2:10:38 PM) : We are in the "end of days" Damian, so your shorts should pay well when it happens
IMPRO: Wyckoff Trader :(2:33:10 PM) : I like the think of these day's as the "Tailings of Reality" as in Pop corn making Shine; we are at the end of the batch…
Id's say we are at gallon 13 but they usually cut off at 11!
Globex: 30 plus handle trading range on 108K volume.
R2 5697.75
R1 5647.75
DAILY 5615.25
S1 5565.25
S2 5532.75
WEEK 5505.00
Cycle Bias: Favored to the bear.
Tone: VIX trading at 17.55
Shape of the day: Odds and Probabilities
Honing: Spill odds up, loupie loop, LAST HOUR ODDS LOW.
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: August 19 Sturgeon Moon 2:26 9.m. Fall Equinox September 22 8:43 am (all times est)
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