Issue 1,789 – Copyright, 2024, by Wyckoff AM Trader
From yesterday: Good morning. Today is SERIES S2L with the spill up. Based upon the price action of the CASH and GLOBEX I'm leaning bullish.
When you use WB's clock you are looking for timing your entry and exit. Plain and simple. Now, some days' do not give you that! Yesterday was not that day.
When price opened. They will selling:
IMPRO: Wyckoff Trader :(6:44:56 AM) : Good morning. Today is SERIES S2L with the spill up.
IMPRO: Wyckoff Trader :(9:33:01 AM) : they coming in selling a bit
IMPRO: Wyckoff Trader :(12:42:04 PM) : still looking for that lunch high; window still open
I'm not making that up. I'm looking at Fair Value and how well they well selling. You could easily see that.
Now, say you came in wanting to buy the low of yesterday. That was Lod 09:52 5876.25
What WB's clock does is to give you a lean on the timing of when that low may occur.
If price opens around 5950 then we got a way to go.
It was an S2L day the L indicates a low.
So spill up. Well than by anywhere from 9:30 to 9:55 AM. We are looking for a seal of the spill. That means, chances are, price is going to take out the open if selling is going on. Then the spill seal would be early and weak. As in, at the open.
You see selling, now the spill has sealed. We know price can go down for the AM LOW 10:00 AM to 10:55 AM. With center time as 10:30 pm.
This day also has a how deep is your three. As in turn three. That could go down to the PEON close. (11:30 AM). If so, we could expect a violent return back from those lows.
How does that help you as a trader?
Say at 10:10 AM when you see about 9K shares enter in on those lows. You can look back and say; "They sold this off for the first 20 minutes. And then another 20 minutes. Price has found Floor Trader Pivot S1. Price has sprung yesterday's low. And That was my price. We were looking for the AM LOW and got it. Now, just looking for the seal.
Do you understand? It's just a series of seals. If price did not find the AM LOW, then the mid pm low is next.
IMPRO: Wyckoff Trader :(12:42:04 PM) : still looking for that lunch high; window still open
IMPRO: Wyckoff Trader :(1:58:19 PM) : meta and nvda starting to turn up
IMPRO: Wyckoff Trader :(1:59:24 PM) : glad you agree @manny
IMPRO: Wyckoff Trader :(2:27:31 PM) : green light turned on; let's see what the bulls got'
IMPRO: Wyckoff Trader :(2:27:53 PM) : potential seal center of the mid pm low
IMPRO: Wyckoff Trader :(2:28:12 PM) : window still open
IMPRO: Wyckoff Trader :(2:37:18 PM) : nvda look to be the driver
IMPRO: Wyckoff Trader :(2:38:10 PM) : potential seal of mid am low 2:25 pm; window still open
IMPRO: Wyckoff Trader :(2:49:55 PM) : bulls recovered half days loss
IMPRO: Wyckoff Trader :(2:54:06 PM) : price getting checked where expected
IMPRO: Wyckoff Trader :(2:59:58 PM) : mid pm low window closed; next window LAST HOUR HIGH
IMPRO: Wyckoff Trader :(3:04:14 PM) : yes I agree it's all a market and how each participant sees each side
IMPRO: Wyckoff Trader :(3:05:44 PM) : bears sprung yesterdays' low and had their chance and dropped the soap.
IMPRO: Wyckoff Trader :(3:08:25 PM) : for now price is in equilimunimn
IMPRO: Wyckoff Trader :(3:13:08 PM) : 25 minute up move followed by a 20 minute down more that barly gave away any; let's see what they got!
IMPRO: Wyckoff Trader :(3:31:50 PM) : bulls took it past center time; LAST HOUR HIGH window still open
IMPRO: Wyckoff Trader :(3:42:51 PM) : bulls put in a good 40 minute run; some checking at the 36 handle on 10K; potential LAST HOUR HIGH in; window still open
IMPRO: Wyckoff Trader :(3:51:50 PM) : another 9K at the 43; bulls may see them match
IMPRO: Wyckoff Trader :(3:53:19 PM) : potential seal of the LAST HOUR HIGH; window still open
Daphu: Wyckoff Trader :(3:56:54 PM) : thanks my friend!!!
PROSE and THE NUMBAHS
Good morning. Today is SERIES S3L with the spill up.
1. Last Night: After a strong close price bandied about in a tight 10 handle range between 5940 and 5930 handle. Later it give it away.
2. Large Size Activity: Price came in around 2:30 AM on about 5K lots to hold the 5912 handle. Then again at 3:30 AM to hold the 20 handle.
3. 7:00 AM / Premarket: Looks like they are coming in and buying the 50 handle. And now after the news looking to take out the 70 handle. Floor Trader Pivot R1 is: R1 5968.25
4. Todays News: Jobless Claims & Philadelphia Fed Manufacturing Index at 8:30, Beth Hammack Speaks at 8:45, Existing Home Sales & Leading Indicators & Quarterly Services Survey at 10:00, EIA Natural Gas Report at 10:30, 3-Month Bill Announcement & 6-Month Bill Announcement & 52-Week Bill Announcement & 2-Yr FRN Note Announcement & 2-Yr Note Announcement & 5-Yr Note Announcement & 7-Yr Note Announcement & Kansas City Fed Manufacturing Index at 11:00, 4-Week Bill Auction & 8-Week Bill Auction at 11:30, Austan Goolsbee Speaks at 12:25, Beth Hammack Speaks & Jeffrey Schmid Speaks at 12:30, 10-Yr TIPS Auction at 1:00, Fed Balance Sheet at 4:30, Michael Barr Speaks at 4:40. All times EST.
5. Cycle Bias / Tone: Based upon the price action of the CASH and GLOBEX I'm leaning bullish. Well I know it did not look bullish at the begging of the day yesterday. In fact, one trader was telling me so. But at the end of the day… The main focus is what's going on with that ammo? Is news going to hit the tape? Nothing to see that might move the needle.
This day's has potential for the high on the mid pm high with a tight trading range. Rope follows expansion. Need a surgeons scapple to trade it. Take out the 50 handle and it's up, up, and away!
6. Honing (turns): Spill up, AM LOW, AM HIGH, lunch low, mid pm high, LAST HOUR LOW.
7. Previous Day's Numbers:
Open 5883.75
Hod 13:58 5947.50
Lod 09:52 5876.25
Settle 5943.00
Volume 1,147,913
8. Floor Trader Pivots
DAILY 5922.25
R2 5993.50
R1 5968.25
S1 5897.00
S2 5851.00
WEEK 5851.00
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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