Disclaimer: For educational use only. I’m not dispensing financial advice. We are having an intellectual conversation (you and I) on the topic of trading the Emin futures using the Lens of Wyckoff Principles and the Eyes of WB’s clock. The clock that controls all turns intraday, every day!
(from last Friday 12/3) Could it go higher? Yes, of course. Can it go lower? Sure just watch the virus… The big number is today. Some traders are saying “pump and dump.” I’m not seeing that, I’m just seeing potential higher highs for the Santa Clause Rally.
Yesterday gave us a bit of a pullback. The CPI number just released may give a direction to the next few days. Traders are focused on what the FED will do. Let’s see how next week plays out.
Looking Forward to Friday, December 10, 2021
Some not all traders will be switching their contracts to the H’s. Yesterday’s volume on the Z’s was light, very light. For the next few days, the volume will not give us a tell.
Potential for further pullback today and perhaps next week.
The question is; “Did they get all they wanted at those lows or are they looking to retest them for additional supply?”
When the trend is in WB’s clock is your friend. If you have not subscribed take the jab today. It’s less than a cup of coffee each trading day. What more proof do you need? Click the red button below to SUBSCRIBE to the AM TURN NEWSLETTER.