Issue 1,771 – Copyright, 2024, by Wyckoff AM Trader
Yesterday's Recap: Good morning. Today is SERIES S4H with the spill down.
It was a gap and go or a gap and crap. And from the get go it looked like it would go. Then it did not go. It went crap.
You can see at 10:30 am price starts to lose momentum and gets checked at the highs. Call it a soap drop if you will. Still it was the AM HIGH seal at center time at 10:30 am. Price starts to drift back down and it looks like as the previous day's high comes into view and bid starts to come in. A sideways till 12:00 pm and the move up at 12:30 pm sees no interest.
By 1:00 pm it looks like all hands abandon ship is called. Price hits the bid all the way down 2:10 pm. Perhaps the day flipped to the S4L or a weak S4H day. Then by 3:00 pm price starts to drift back down and tests the low on the close.
PROSE and THE NUMBAHS
Good morning. Today is SERIES S3L with the spill up.
Today's News: No news of note. All times EST.
Cycle Bias / Tone: Bulls have been losing ground to the bears. They lost the ball. It was their ball to lose and they lost it!
Last Nite: Currently price is trading around unchanged. And now has gotten a bid trading just above yesterdays high at 5870 handle. MY take away from last night is Make America Affordable Again. Hitch your wagon to a rising star. Everybody wants to bet on a winner!
Honing (turns): Spill up, AM LOW, MID AM HIGH, lunch low, mid pm high, LAST HOUR LOW.
10/28/24 ESZ2024
DAILY 5859.25
R2 5925.00
R1 5883.50
S1 5817.75
S2 5793.50
WEEK 5853.00
10/25/24 ESZ2024
Open 5870.00
Hod 10:24 5900.75
Lod 14:11 5835.00
Settle 5842.00
Volume 1,144,738
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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