Issue 1,821 – Copyright, 2024, by Wyckoff AM Trader
Yesterday: Good morning. Today is SERIES S2L with the spill up.
Today will determine if we get the KEWPIE DOLL! I'm thinking we got it today.
THE KEWPIE DOLL!!!
Sometimes is almost a no brainer how they manipulate this market. Who'd a thunk it?
This is what makes it hard to trade before numbers. And sure, you may have know the direction at 8:30 AM price spiked:
52 handles upward on 11K lots.
8:31 AM 13 handles on 8K lots.
And then some more. By the time CASH open came around all the was taken out. You might has hoped on board on that little dip at 9:40 AM.
Volume was heavy. It's a tuff one. We are already assuming the spill was up as the gap gave little opportunity to get on board. Call it spill up seal at 9:50 AM. AM LOW at 10:50 AM. There is no MID AM turn so we are looking for the lunch high. It's more of a hook at 1:50 PM. Next is mid am low just off of center time at 2:30 PM. With the LAST HOUR HIGH at 3:30 PM.
After the close, price just grinds it back up to the CASH high.
PROSE and THE NUMBAHS
Good morning. Today is SERIES S3L with the spill up.
1. Last Night: After a strong hard run up from the CASH close to CASH open, GLOBEX is doing what you just might expect. Getting over it's skies.
2. Large Size: For the most part price is just on a grind up on low volume. Some size came in around the big even.
3. 7:00 AM / Premarket: For now, price is holding at the big even.
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. Same today. The deal about today is to hold the gains from yesterday. Idea is to hold the mid pm low at best or the MID AM LOW at worst. There is a nature to these things.
We are looking for the relationship between the AM LOW and the lunch low with an independent mid pm low.
6. Honing (turns): Spill up, AM LOW, MID AM HIGH, lunch low, mid pm high, LAST HOUR LOW
7. Previous Day's Numbers:
Open 5964.75
Hod 15:27 6001.25
Lod 09:39 5952.50
Settle 5986.25
Volume 1,243,559
8. Floor Trader Pivots
DAILY 5980.00
R2 6028.75
R1 6007.50
S1 5958.75
S2 5931.25
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)
Comments are closed