Issue 1,787 – Copyright, 2024, by Wyckoff AM Trader
From yesterday: Good morning. Today is SERIES S4H NORMAL with the spill down.
Let's get to the day. I was a Series S4H WEAK. Pending upon where price is in the daily/weekly will tell you more about yesterday price action. Taken alone it was weak. Price hovers around unchanged till about 10:00 am. Then lifts offers up to 11:50 am. You can see volume come in to check this really but it's more a halfway retracement of Friday's range.
Looking at the floor traders pivot, it's just trading around the floor trader pivot.
Perhaps the traders were waiting on the WALMAT news or some other news event.
This is over three hours, but it would be the best three hours you'll spend this week or perhaps this month. The first interview is a trader in the UK. He probally uses Hanks, Algos. He works for Citibank.
Give it a listen when you have the time.
PROSE and THE NUMBAHS
Good morning. Today is SERIES S1H with the spill odds down.
News: Housing Starts and Permits at 8:30, E-Commerce Retail Sales at 10:00, Treasury Buyback Announcement (Preliminary) & 4-Week Bill Announcement & 8-Week Bill Announcement & 4-Month Bill Announcement at 11:00, Jeffrey Schmid Speaks at 1:10, API Weekly Oil Stocks at 4:30. All times EST.
Cycle Bias / Tone: It's the first day of the cycle and turn around Tuesday. Looking at the volume as low currently waiting on direction.
Last Nite: For now price has found a bid off the close and traded up into the 30 handle. And now as we get closer to the open it's back at the big even looking for direction.
Honing (turns): Spill odds down, loupie loop, LAST HOUR ODDS HIGH.
DAILY 5914.17
R2 5955.92
R1 5937.08
S1 5895.33
S2 5872.42
WEEK 5943.25
11/18/24 ESZ2024
Open 5900.25
Hod 11:45 5933.00
Lod 09:34 5891.25
Settle 5918.25
Volume 1,018,598
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: November 15 Beaver Moon 4:29 p.m. Winter Equinox December 21 4:21 a.m. (all times Est)
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