Issue 1,764 – Copyright, 2024, by Wyckoff AM Trader
Yesterday: That means he nailed it. Did the previous day (S1) flip or not. Then, the next three days are in concreate. He would never change them if he got the KEPPIE DOLL!
No KEWPIE DOLL FOR ME!
Looks more like a S2H day. Sure the Composite Man took price up to challenge the prior highs. We got an upthrust off the late August distribution range. Just remember There were no real traders their in August, they were trading the August contract which was lower. It's more fluff as it relates to prior highs.
I'm going to blame it on the lunar eclipse. Usually, it aligns with the S1 day but hay, it's a S2 day.
We get the confirmation of the S2H day as price falls apart from 11:00 am down to the lunch low at 1:40 pm. Next comes the mid pm high around 2:30 pm and then the last hour low at 3:25 pm.
Heard in the Chat: IMPRO: PITBULL :(3:39:35 PM) : juice is not worth the squeeze here now
IMPRO: HL Camp :(3:41:18 PM) : ha ha ha. haven't heard that one in a very long time Marty. Seems that 99% of the juice out of this lemon was done at 11:50.
PROSE and THE NUMBAHS
Good morning. Today is SERIES S3H IFFY with the spill down.
Last Night Trade: After coming off the lows, ASIAN market held the close with an unchanged. PEONS got eyes to recover some stuck bulls at the 5720 handle.
Today's News: Housing Starts and Permits at 8:30, EIA Petroleum Status Report at 10:30, FOMC Announcement at 2:00, Fed Chair Press Conference at 2:30. All times EST.
Cycle Bias / Tone: Favored to the bearish. This could flip. VIX trading at 17.61. You are looking at one by one's and two by two's at 2:00 pm. WB called it a scared roach dance. If you like to pick up nickels Infront of steam rollers, price could move 50 to 75 in clip.
Honing (turns): Spill down, AM HIGH, MID AM LOW, lunch high, mid pm low, LAST HOUR HIGH.
9/16/24 ESZ2024
Open 5722.00
Hod 10:48 5737.00
Lod 13:46 5677.75
Settle 5702.75
Volume 982,648
DAILY 5705.75
R2 5765.00
R1 5733.75
S1 5674.50
S2 5646.50
WEEK 5558.25
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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