Issue 1,775 – Copyright, 2024, by Wyckoff AM Trader
Yesterday's Recap: Good morning. Today is SERIES S2L with the spill up.
This day was just slightly over a nothing burger day. As you can see price is held in the range of the previous day as the settle checks the bulls rally at 10:11 am. And then a drift down at 1:00 am to the S1 to hold the low of day. Notice price holds in a tighter range until the close. The Close is higher than the open. The volume was higher than the previous day as the low was checked with bigger size.
PROSE and THE NUMBAHS
Good morning. Today is SERIES S3L with the spill up.
Today's News: Employment Situation at 8:30, John Williams Speaks at 9:00. All times EST.
Cycle Bias / Tone: The Composite Man seems to be depressing price keeping it low as the supports hold.
Honing (turns): Spill up, AM LOW, MID AM HIGH, lunch low, mid pm high, LAST HOUR LOW.
Let's see how the 8:30 am Jobs Number plays out before deciding a side. With that stated, I would lean to the bullish side.
DAILY 5748.75
R2 5793.00
R1 5772.00
S1 5727.75
S2 5704.50
WEEK 5788.00
10/04/24 ESZ2024
Open 5744.50
Hod 10:12 5770.00
Lod 13:02 5725.75
Settle 5751.00
Volume 1,137,860
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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