WyckoffTrader-AMTurn-01292024
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)
After trending higher over the past several sessions, stocks turned in a relatively lackluster performance during trading on Friday. The major averages bounced back and forth across the unchanged line before eventually closing narrowly mixed.
Yesterday's Technical Review using
WB's Emini Clock and Wyckoff's Tape Reading Principles
The day started as S3L Series day. It was an inside day. Yes opened just below the close. Bulls were primed to take it higher. The numbers came out and price started to sell off. A few minutes (5) after the open price poped above the close of the previous day and then droped back inside. This sealed the spill for the day and set up price to go in search of the AM LOW.
By 10:10 am to 10:20 am you can see a bid start to slip in as the daily pivot was held. This is also 3/8 retracemet of the previous day's range. BY 10:25 am price is already start to move up and lift the offers. I made a video outlying it all. At 10:35 am price had already taken out all the days and previous day's high and on it's way to all time highs.
This drive up is checked at 11:00 am. Next we are looking for the MID AM HIGH. It's more of a hook of the 11:00 am high. Call it center time 10:30 am. By 12:00 pm price is unable to take out previous's high. And why should it? It's the lunch SLOG and we are looking for the lunch low. Price drifts down and by 12:30 pm you can see their is no bid in sight.
Price stalls at 12:40 pm are some bring in their shorts other traders put more shorts on. At 12:50 pm a volume surge comes in and climaxes the down move. At 1:30 pm you can see the Automatic Rally then at 1:55 pm the lunch low is sealed.
Do you understand if you just use the clock, you could have been short from the MID AM HIGH down to the lunch low?
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 Normal with the spill up.
News: No news of note. All times EST.
Last Night: Review the Actionable Trade Ideas above.
Edge: Set a new all time all on the news and then pulled back.
7/8/9 AM: Bulls have tried to breach the 4920 and holding.
Today: Bulls have permission to take price higher or test the high.
Bulls Want: 24, 32, 40
Bears Want: 07, 98, 92
Globex: 20 handle trading range on 118 volume.
Cycle Bias: Favored to the bull.
Tone: VIX trading at 13.94
Shape of the day: Potential to probe highs and hold a bid.
Bigger traders are back in town as well as politications. Not seeing pressing supply but the public may start to enter if price goes up.
Honing: Spill up, AM LOW, (NO MID AM), lunch high, mid pm low, LAST HOUR HIGH
Bill Fish (4H/4D) Added longs at the Selling Climax and lunch low. LONG
Tuna (30m 1+D) Added longs at the Selling Climax and lunch low. LONG
Sardine (5M-1D) Got SHORT MID AM HIGH and closed at the lunch low. OUT.
Pre Opening: No real responce just holdling in a tight 5 handle range around the daily piviot.
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: January 25 Wolf Moon 12:54 pm Spring Equinox March 20 5:24 pm (all times est)
Comments are closed