Issue 1,758 – Copyright, 2024, by Wyckoff AM Trader
We had a bit of a situation Thursday night / Friday morning, and I did not get to sleep till 7:00 am. That gave me about 40 minutes of delta. So, I did not trade Friday. I have a rule you cannot trade on 40 minutes of sleep. I cost me about 100 points. Folks really don't understand what we do and why we need to be rested to do it!
I had S3H day. If it was a S2 day, we would have gotten the kewpie doll!
WOW. talk about a wild ride. Well let's talk about it.
Right at the open after the numbers.
IMPRO: Wyckoff Trader :(8:47:50 AM) : Good morning. Today is SERIES S3H with the spill down.
IMPRO: Wyckoff Trader :(9:03:01 AM) : bulls need to hold the 8 handle
IMPRO: Wyckoff Trader :(9:20:50 AM) : 45 handle drop and we are back up here. Does not sound like a strong bull story
IMPRO: Wyckoff Trader :(9:21:06 AM) : more of a buldge
IMPRO: Wyckoff Trader :(9:21:50 AM) : could tickle the 95 before the day is over
IMPRO: Wyckoff Trader :(9:40:26 AM) : upthrust from the buldge and bulls lost the 8 handle
IMPRO: Wyckoff Trader :(9:41:33 AM) : perhaps the 95 will come into view
IMPRO: Wyckoff Trader :(9:41:39 AM) : or just a tickle
IMPRO: Wyckoff Trader :(9:53:51 AM) : looks like it's going to get the hard way in a few minutes
IMPRO: Wyckoff Trader :(10:00:34 AM) : taged the 95 on 8K lots; a bit more than a tickle
IMPRO: Wyckoff Trader :(10:26:20 AM) : offering down the hard way
IMPRO: Wyckoff Trader :(10:26:40 AM) : cut through like butter
IMPRO: Wyckoff Trader :(10:37:01 AM) : I'd say that's offering down the hard way!
IMPRO: Wyckoff Trader :(2:53:42 PM) : you think the market cares the LAST HOUR is HIGH? We'll soon find out…
IMPRO: Wyckoff Trader :(3:31:55 PM) : could be center time on that LAST HOUR HIGH: window still open
IMPRO: Wyckoff Trader :(3:37:56 PM) : I'd say that window sealed center time
IMPRO: Wyckoff Trader :(3:40:12 PM) : thats great! abandon ye all
IMPRO: Wyckoff Trader :(3:50:36 PM) : getting a little frothy
IMPRO: Wyckoff Trader :(4:03:38 PM) : it's just AI going to levels in their universe and not ours
IMPRO: Wyckoff Trader :(4:04:03 PM) : there is no time in theirs
IMPRO: Wyckoff Trader :(4:07:50 PM) : now that's funney hank
IMPRO: Wyckoff Trader :(4:40:52 PM) : well who would have thought diver this down
IMPRO: Wyckoff Trader :(4:42:08 PM) : I guess somebody wanted to go home SHORT this weekend
IMPRO: Wyckoff Trader :(4:44:04 PM) : yes I agree nothign funney about that I can see it wow they really don't like this price
IMPRO: Wyckoff Trader :(4:53:40 PM) : yep that's it the combined net forces of all the buying and selling of those in the know
I was a bit more vocal Friday.
IMPRO: Wyckoff Trader :(9:20:50 AM) : 45 handle drop and we are back up here. Does not sound like a strong bull story
notice at 9:20 45 handle drop and back on top. IMPRO: Wyckoff Trader :(9:21:06 AM) : more of a buldge
Wyckoff believed often the Composite Man would manuliplate the securities by buying them up to get it high to encourse the public to rush in. There is no real good reason for price to be that high and it wasn't!
IMPRO: Wyckoff Trader :(9:03:01 AM) : bulls need to hold the 8 handle That was my demarcation line for the bulls. It was real time. No pivots or levels.
IMPRO: Wyckoff Trader :(9:21:50 AM) : could tickle the 95 before the day is over
that was jsut the halfway retracement.
IMPRO: Wyckoff Trader :(9:53:51 AM) : looks like it's going to get the hard way in a few minutes
that was just reading the tape.
IMPRO: Wyckoff Trader :(10:00:34 AM) : taged the 95 on 8K lots; a bit more than a tickle
IMPRO: Wyckoff Trader :(10:26:20 AM) : offering down the hard way
IMPRO: Wyckoff Trader :(10:26:40 AM) : cut through like butter
IMPRO: Wyckoff Trader :(10:37:01 AM) : I'd say that's offering down the hard way!
Notice at 9:50'sh the price is unable to rally just halfway from the high. As the daily pivot checks the rally. Then at 10:00 am we lose settle and the current intraday low.
The AM HIGH would have been at 10:05 am. IT was a memory at 10:06 am. Next we are looking for the MID AM LOW. At 11:00 am we get the MID AM LOW. Price rallies for a minute and gives it all back. Next, we are looking for the lunch high. Notice comes in at center time 1:30 pm. Its during the SLOG so it's goanna be a tuff trade if you try to fade that.
Price dips down and holds that 14 handle for what like two hours? That's the mid pm low. It seals straight up 2:30 pm center time.
IMPRO: Wyckoff Trader :(2:53:42 PM) : you think the market cares the LAST HOUR is HIGH? We'll soon find out…
I was hinting it's goanna creep up. The clock told me so. We are looking for the LAST HOUR HIGH.
IMPRO: Wyckoff Trader :(3:31:55 PM) : could be center time on that LAST HOUR HIGH: window still open
notice the time stamp; 3:31 pm. Center time.
Dboy has a statement that PITTBULL states the market always ends the end of the day the same way it started the beginning of the day. Makes sense.
getting short on the LAST HOUR HIGH. It flows as it's a Friday and dboys last hour follows the first hour
I trust you had a successful day Friday.
PROSE and THE NUMBAHS
Good morning. Today is SERIES S3H with the spill down.
News: Employment Situation at 8:30, John Williams Speaks at 8:45, Christopher Waller Speaks at 11:00, Baker Hughes Rig Count at 1:00. All times EST.
Globex: 49 plus handle trading range on 308 K volume.
Cycle Bias: Favored to the bear.
Tone: VIX trading at 19.90
Honing: Spill down, AM HIGH, MID AM LOW, lunch high, mid pm low, LAST HOUR HIGH.
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: September 17 Harvest Moon 10:34 p.m. Fall Equinox September 22 8:43 am (all times Est)
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