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    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 7 February: ASX sheds 0.5pc | CBA lifts cash rate forecast to 3.85pc; ARB dives | Australia’s rental market is as tough as it has ever been |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 07 FEBRUARY: US stocks extend losses | RBA poised to lift rates by 0.25pc | Will Newmont’s $24 billion Newcrest bid cause a gold takeover cascade? |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 6 February: ASX drops 0.25pc | UBS remains dovish on RBA | Gascoyne Resources releases exploration target |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 06 FEBRUARY: ASX to rise as investors hang hopes on a soft landing | After a successful $4.5 million cap raise and with cancer trial results to come, Kazia is optimistic for 2023 |

    From the Desk of Wyckoff Trader:

    From the Desk of Wyckoff Trader:

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 03 FEBRUARY: ASX to rise | Alphabet, Atlassian tumble on earnings | Aura gets 30-year guarantee for Mauritania uranium project |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 31 January: ASX swings to loss | Retail sales plummet; Megaport sheds 25pc | Avecho Biotechnology progresses CBD softgel trials for insomnia treatment |

    From the Desk of Wyckoff Trader:

    From the Desk of Wyckoff Trader:

    From the Desk of Wyckoff Trader:

    From the Desk of Wyckoff Trader:

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    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 7 February: ASX sheds 0.5pc | CBA lifts cash rate forecast to 3.85pc; ARB dives | Australia’s rental market is as tough as it has ever been |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 07 FEBRUARY: US stocks extend losses | RBA poised to lift rates by 0.25pc | Will Newmont’s $24 billion Newcrest bid cause a gold takeover cascade? |

    $ up, cotton down, easy money.

    Jason Sen: Forex

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 6 February: ASX drops 0.25pc | UBS remains dovish on RBA | Gascoyne Resources releases exploration target |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 06 FEBRUARY: ASX to rise as investors hang hopes on a soft landing | After a successful $4.5 million cap raise and with cancer trial results to come, Kazia is optimistic for 2023 |

    Dollar dipsey doodle at 10150.

    Cabrera Capital Daily Game Plan

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    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

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    Danny’s View:  Markets Shrug Off Fed Worries

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    Danny’s View:  All About What The Fed Says (Not What It Does)

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MrTopStep
Home Analysis

From the Desk of Wyckoff Trader:

Contributor by Contributor
January 20, 2023
in Analysis, Commentary, Currencies, Stocks, Technical
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From the Desk of Wyckoff Trader:
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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!

The day opened gap down. We have two options. Gap and Go or Gap and Crap. That was WB’s way of looking at it. Price traded in a balance for about 55 minutes. At 10:20 am you can see a down move to print the low of day at 11:00 am. This is followed by a 10-minute rally that recovers just shy of half of the decline.

Next, a 40-minute low that springs the low of day. And a 30-minute rally. This rally lasts 20 minutes longer than the previous rally and its extent is greater than the previous rally. If you are looking to get long, the next reaction will give they the go or no-go green light.

A 40-minute decline lasts the same as the previous decline but it’s extent is just half of the previous decline. If you are looking for confirmation from the market, this is your wake-up call. A 110-minute rally follows and then price starts to get checked at the day’s high.

Looking Forward January 20, 2023

Due to recent changes in market behavior, I’ve decided to change my focus to Time-based trading. This allows you to benefit from the flow of the arrow of time and not fight against the algos in the nanosecond.

I’ve looked across all 30 DOW securities and I don’t really see any reason price recovered from the lows yesterday. Now the futures saw a bid from 1/10 say around 11:30 am. Then perhaps it was just a natural big even level 3900 handle.

As I write price is trading 20 handles higher in a tighter trading range around 3922 and change. I would say that price tries to recover at least half of the previous day’s reaction.

To learn more, subscribe to my AM TURN newsletter

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