Issue 1,817 – Copyright, 2024, by Wyckoff AM Trader
Yesterday: Good morning. Today is SERIES S3H IFFY with the spill down.
Did we get to keep the KEWPIE DOLL? No KEWPIE DOLL FOR ME!!! This is not going to be a KEWPIE DOLL WEEK!
Perhaps this had something to do with the randomness:
CME Group will keep its U.S. equities market closed on Thursday, while shutting other markets early, including, ending interest rate and real estate.
It was more of a S3L day than S3H day. No KEWPIE DOLL FOR ME!
Price drifts and springs the previous day's low right at center for the AM LOW. Next is MID AM HIGH. You see that seal at 11:45 AM. You did see it right? Next is lunch low at 12:30 PM on the spring of the current day's low on expanded volume. The bulls take it back up to the mid pm high seal at 2:30 PM center time.
Wow what a day for the clock. The last turn is LAST HOUR LOW seal. It's more of a 3:15 PM kind of thing with a drift back up to the close.
The day was more of trading around unchanged all day. Wide swings. Still a bullish bias.
PROSE and THE NUMBAHS
Good morning. Today is SERIES S1H NORMAL with the spill odds down.
1. Last Night: Markets drifted down on news the future is not so bright.
2. Large Size: Some large size entered as price was drifting down.
3. 7:00 AM / Premarket: After the jobs number price went down to spring the Dec lows and then found a bid.
4. Todays News: Employment Situation at 8:30, Consumer Sentiment at 10:00, Austan Goolsbee Speaks at 10:04, Baker Hughes Rig Count at 1:00, Fed Balance Sheet at 4:30. All times EST.
5. Cycle Bias / Tone: As I said I'm still bullish. Shaking out the weak hands is not for the timid. That's why they get shaken out. Trader have been waiting on Friday just on day away and Thursday the markets were closed do to the Peanut Man.
I'm looking at the Weekly Pivot of 5965 handle. We see to be holding that as bulls step back in on each dip. I would have confirmation is we start holding at higher highs. And now after the jobs number that all went away. It could be more bearish than bullish today.
I met Jimmy one day. Shook his hand. He had a weak wimpy handshake. I thought; "That's our leader?" (yes, I was young back in college)
6. Honing (turns): Spill odds down, loupie loop, LAST HOUR ODDS HIGH
7. Previous Day's Numbers:
Open 5954.00
Hod 14:29 5971.75
Lod 12:32 5917.00
Settle 5958.25
Volume 1,416,332
8. Floor Trader Pivots
DAILY 5949.00
R2 6003.75
R1 5981.00
S1 5926.25
S2 5894.25
WEEK 5965.50
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: December 15 Cold Moon 4:02 a.m. Winter Equinox December 21 4:21 a.m. (all times Est)
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