Issue 1,820 – Copyright, 2024, by Wyckoff AM Trader
Yesterday: Good morning. Today is SERIES S1H with the spill down.
Perhaps we nailed it Monday. Today will determine if we get the KEWPIE DOLL!
Well actually today will determine. The KEWPIE DOLL is on Series Day Two. Sorry about that!
Yesterday was an ideal day all around. A gap up failed. Bullish rally lasted 10 minutes. A fallback till 10:00 AM, then a 20 minute rally sets a lower high. Draw a supply line and you see a trading range for the down side. At 11:00 AM on a volume spike price gets oversold then at 12:00 PM.
Price starts to get a bid at the halfway retracement and the daily pivot. At 12:35 PM the current low of the day is sprung with a sign of strength. Most traders are calling that a short covering rally. Perhaps.
This set's price up for the 2:00 PM lower high that emboldens the shorts to start offering down. Price is held in a tight range till about 2:40 PM.
Now, look at 3:10 PM see the volume? Price holds as a bid start lifting offer up till the close.
Heard in the Chat:
IMPRO: DAMIAN197 :(1:50:50 PM) : and again we impale the bull on the hook, they have fun, so it will be fun between 5900 5800 before it eats the shelf below at 2650 2700
IMPRO: Wyckoff Trader :(8:47:32 AM) : Good morning. Today is SERIES S1H with the spill down.
IMPRO: Wyckoff Trader :(12:34:18 PM) : bears are trying to eat through the daily pivot and previous day half way retracement
IMPRO: Wyckoff Trader :(1:51:01 PM) : GE seems to be the hard driver in the DOW30
IMPRO: Wyckoff Trader :(1:51:26 PM) : that a long drop Damian with Trump and the gang
IMPRO: Wyckoff Trader :(3:31:00 PM) : WOW; that F1 did a number on price
Wyckoff would have called yesterday like this: Price gaped up. Put in an unfair high. Put in an unfair low. And closed somewhere in the middle.
PROSE and THE NUMBAHS
Good morning. Today is SERIES S2L with the spill down.
1. Last Night: Price has drifted up as on would expect to knock on heavens door with a possible gap and go.
2. Large Size: Size was added through out the night then as the numbers came out sure price popped up
3. 7:00 AM / Premarket: Price poped up to 5950 handle and looking to hold for the open.
4. Todays News: Thomas Barkin Speaks at 8:00, CPI & Empire State Manufacturing Index at 8:30, Neel Kashkari Speaks at 10:00, EIA Petroleum Status Report at 10:30, Treasury Buyback Announcement & John Williams Speaks & Austan Goolsbee Speaks at 11:00, 4-Month Bill Auction at 11:30, Beige Book at 2:00, Treasury Buyback Results at 2:00. All times EST.
5. Cycle Bias / Tone: I'm still bullish. At least for now, Monday's low is holding.
6. Honing (turns): Spill down, AM LOW, (NO MID AM), lunch high, mid pm low, LAST HOUR HIGH
7. Previous Day's Numbers:
Open 5902.75
Hod 09:45 5909.75
Lod 12:36 5842.50
Settle 5891.00
Volume 1,509,347
8. Floor Trader Pivots
DAILY 5876.75
R2 5944.00
R1 5911.00
S1 5843.75
S2 5809.50
WEEK 5926.00
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: December 15 Cold Moon 4:02 a.m. Winter Equinox December 21 4:21 a.m. (all times Est)
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