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!
OH, you better not shout, you better not cry. You better not pout, I’m telling you why…
I’m not sure if we’ve had the Santa Clause rally or it’s coming. What I am sure of, is Wyckoff might have called the last two weeks, hypodermics. Violent moves up and down ending where they started.
Very little offered or bid for except at the tops and bottoms. And as we near closer to the day, trading may start to trail off.
Looking Forward Friday, December 17, 2021
Talk is Technology stocks do not bode well with higher interest rates. I’m not sure anyone does.
I’ve heard talk from traders looking at 4800 by next week. I guess that depends upon the catalyst. RTE and Globex have traded off just below half of the previous rally.
On a 60 minute chart, it looks like a potential terminal upthrust. We should know soon. If we lose that 42 you could see an additional test of the 02 and lower.