WyckoffTrader-AMTurn-01092024
YES. I have skin in the game. I trade my own personal account. Sardine / Tuna / Billfish trades are for educational purposes only. I am NOT a futures broker and do not manage any accounts. It is my intent to show where trades may occur. What you do is up to you. You can follow my IDEAS to profit or loss. You determine trade size, when, where and how you trade. (CFTC) Futures is not for everyone. IT IS A VOLATILE, COMPLEX AND RISKY BUSINESS. Before you invest, know how much you can afford to lose.
NEWS / FUNDAMENTALS
(Reuters)
Stocks have moved mostly higher during trading on Monday, regaining ground after snapping a nine-week winning streak last week. The tech-heavy Nasdaq has shown a particularly strong upward move, although the Dow has bucked the uptrend.
Yesterday's Technical Review using
WB's Emini Clock and Wyckoff's Tape Reading Principles
From page 4: My notion is the Composite Man is trying to hold the lows and check the highs. Price moved down to where support once moved price back up. Shorts closed and some long buying came in. Potential accmulation. Will need to see how price takes out the highs to confirm.
From page 3: good morning today is SERIES S1H Normal with the spill odds down. This day normally is a bullish biased day as the Series One day is H as in High for the AM TURN. The middle of the day is loupie loop. That just means undecided until the LAST HOUR. The LAST HOUR has potential to trend strong as the last print is the high of day. (yes that happened).
From page 3: Last Night: Held the 33 handle. Then fell to the 15 handle. And then recovered the 33 handle. Edge: I'm still seeing a bid holding as the highs are checked. Today or later will push price either way. 7/8/9 AM: Bulls recovered the 21 and currently is trying to take out the shelf of supply at the 33 handle. As you read this the bulls are owning the path of least resistance. We have potential for a strong trend day.
If you look at the last three days, Friday has the potential for a selling climax looking at the rally from the lows on increased volume.
From page 3: Bigger traders are back in town as well as politications. Should start to see some real direction. Wheater the volume was strong or not, the bigger players were back in thier seat. The kids were in school. Politications were at work. It's was time to get back to the business of business.
This content is 100 percent Human Made Organic (HMO)
We are wrapping up this year and grinding into
the next. If Momma gets thrown from the train
1. Average an aggressive market cam move about 150 points in one day.
2. If Algo's decide to go all out REO and "Take It All Away" you could see a 500, 800 to God help us 1,300 point move in a day, across days or a week. Perhaps a month if there is no bid in sight.
3. That is if this market starts to take notice on the news and current events.
Until then…Don't miss any Future FREE Webinar invites or Daily email UPDATES.
Please be sure and "white list"
feedback@wyckoffamtrader.com
trader@wyckoffamtrader.com
demio@wyckoffamtrader.com
so I don't get lost in your email inbox (Junk and SPAM folders)
good morning today is SERIES S2L with the spill up.
News: International Trade in Goods and Services at 8:30. All times EST.
Last Night: After such a strong close started to begin to give a little back to the 77 handle.
Edge: We are going to need to see the responce from the bears today.
7/8/9 AM: Found a slight bid at the 77 handle. Bulls are still fightling the slight down trend channel.
Today: No news to rally the troops. Bulls will need to hold what they got. (same today)
Bulls Want: 89, 97, 03
Bears Want: 71, 62, 54
Globex: 21 handle trading range on 158 volume.
Cycle Bias: Favored to the bull.
Tone: VIX trading at 13.81
Shape of the day: Potential for a "how deep is your three" with a dip down to the PEON close.
Bigger traders are back in town as well as politications. Should start to see some real direction.
Honing: Spill up, AM LOW, (NO MID AM), lunch high, mid pm low, LAST HOUR HIGH.
Bill Fish (4H/4D) Now back in the fray looking for an edge. OUT
Tuna (30m 1+D) Now back in the fray looking for an edge. OUT
Sardine (5M-1D) Stayed out due to the grind. OUT
Pre Opening: Price is working on taking out the 38 handle and higher. Price is in an uptrend.
The clock is used for timing your entries and exits. Position long at the lows exit at the highs. Get short at the highs 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 26 Cold Moon 10:33 pm. Winter Equinox December 21 10:27 pm (all times est)
Comments are closed