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!
Not that yesterday was a no-brainer, but it was closer to shooting fish in a barrel. Sold off hard to unwind all existing long positions the previous day only to load up the wagon at the wholesale price and work it back up to the top.
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.
Looking Forward to Friday, December 3, 2021
Globex dropped it hard to just above half of the RTE rally. And found a bid. Currently working back up. As I type 4565 and change. The jobs number may push it further up or the Omni news may push it the other way.
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.