Issue 1,789 – Copyright, 2024, by Wyckoff AM Trader
Yesterday's Recap: Good morning. Today is SERIES S2L with the spill up.
Yesterday [I'm still thinking it's the bulls ball to lose. Notice the daily pivot of 5890 is in alignment with the weekly pivot of 5895 handle. Yesterday price held the weekly support of 5868 handle.] It was the bears ball to lose yesterday.
Price opened at the low of the previous day. That was also at the floor trader pivot S1 handle of 5869. You can see a AM LOW coming at the 10:30 am marker. Then a weak really fails and price drops through the current low of day. After that it was the bulls ball to lose and then lost it!
BY 12:30 pm it looks like price is well under it's way to just keep on hitting the bid. Then at 2:00 pm price gets a bit oversold and a bid creeps back in. Price recovers the 1:00 pm drop then at the close a volume spike emerges.
PROSE and THE NUMBAHS
Good morning. Today is SERIES S3L with the spill up.
Today's News: Jobless Claims & Chicago Fed National Activity Index at 8:30, Beth Hammack Speaks at 8:45, PMI Composite Flash at 9:45, New Home Sales at 10:00, EIA Natural Gas Report at 10:30. All times EST.
Cycle Bias / Tone: I'm still thinking it's the bulls ball to lose. Price sell off to the weekly pivot of WEEK 5895.00 handle.
Last Nite: After the close the Composite Man turned the red sign back to green and they started buying again. Currently price is lifting offers trading 5866 handle.
Honing (turns): Spill up, AM LOW, MID AM HIGH, lunch low, mid pm high, LAST HOUR LOW.
10/24/24 ESZ2024
DAILY 5839.25
R2 5913.00
R1 5877.50
S1 5803.75
S2 5765.50
WEEK 5895.00
10/23/24 ESZ2024
Open 5870.25
Hod 09:31 5874.75
Lod 14:20 5801.00
Settle 5842.00
Volume 1,235,755
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: October 17 Hunter's Moon 7:26 a.m. Fall Equinox September 22 8:43 am (all times Est)
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