WyckoffTrader-AMTurn-04222024
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)
With technology stocks under pressure, the Nasdaq showed a substantial move to the downside during trading on Friday, extending its recent losing streak. The S&P 500 also saw further downside, while the narrower Dow bucked the downtrend.
Yesterday's Technical Review using
WB's Emini Clock and Wyckoff's Tape Reading Principles
I will not deny it. I have bullish eyes. I can't possibly not see that we got some stuck bulls up at the 5100 handle. That nonince last night. We took out the 50 and tore into 100 day moving average. What a load of crock. All those stops.
And Friday. Wyckoff Trader :(2:21:25 PM) : sorry to wear this out; but this is a game of soldiers. at 13:57:00 -1008 all DOW 30 secruities were trading at their highs; but milisecond later all 1,008 S&P securites are trading on the low tick? I don't think so. It's all a game of soliders in this down market but I think is going up once we get the ALGO's out of the sandbox…
It's the simple things I often forget. Like, who could pull this market down day? Oh I don't know. Perhaps a gaming stock? The darling of Wall Street? Yes. What a load of crock! You know my view. You see it on page 5, 6, and 7. I talked about in about a month ago. The insiders have gotten out. Walmarts 4.7 billion shars, then the spilt 3 to 1. All the techs. I talked about it. Today showed it.
We are one milli-second away from a Flash Crash. Last nits show for the DC's House (I had another name). Yes that voted it. Then the ALGOS took it back down to halfway retracement and brought it back up. What did the clock say?
Spill up seal at 9:46 am. MID AM LOW at 10:30 am. The next turn is MID AM HIGH. Price is trading below the pivit. Below the close. And below the low. What was I thinking? I thought it was going to the moon but it got checked as a hook at 11:10 am.
This is giving you a high. The current lows will not hold. The next turn is lunch low. And that happens durring the SLOG. Lunch low seals at 12:50 courtsey of SOHO, CDEL, GSCO and WEDB cover. If you in the chat you'll know what I'm talking about.
Next is the mid pm high. It's also a hook at 2:10 pm. Lucy, you got some splainin to do. That's all we got left. LAST HOUR LOW. Oh boy that comes in at 3:40 pm. So, you see – WB clock will show you the way!
Wyckoff Trader,
P.S. If you've read this analysis, you might be curious when the best time to consider a position: (Sydneys / AI Read)
* 10:30 AM: This is the AM low, which could be a good time to enter a long (buy) trade as it might indicate the end of a downward trend.
* 12:50 PM: This is the lunch low, which could be a good time to enter a long (buy) trade as it might indicate the end of a downward trend.
* 2:10 PM: This is the mid PM high, which could be a good time to enter a short (sell) trade as it might indicate the end of an upward trend.
It is important to note that these times are not guaranteed to be the best times to enter a trade, as the market can be unpredictable and subject to various factors that can influence its direction. It is always recommended to carefully analyze the market conditions and use risk management strategies when trading. Additionally, it is important to consider the overall trend and the trader's risk tolerance when deciding which side of the trade to enter.</s>
Be sure to use a stop with every trade placed to help mitigate potential losses, and only trade with risk capital that can be afforded to lose.
Additionally, it is important to keep in mind that the market can change quickly and what was a good trade opportunity at one point may no longer be valid at another. It is essential to use risk management techniques such as stop losses and position sizing to protect your capital.
With that started here are the "PROSE and THE NUMBAHS"
good morning today is SERIES S2L Normal with the spill up.
News: No news of note. All times EST.
Last Night: See Actionalble Trade Plan above.
Edge: Globex was all over the map with the fith straight down day day. Potential for rally due to Monday and six straight down day.
7/8/9 AM: Bulls pushed price up to the 5032 where it started to get checked.
Today: See Actionalble Trade Plan above.
Bulls Want: 38, 44, 53
Bears Want: 17, 10, 02
Globex: 27 handle trading range on 208 volume.
Cycle Bias: Favored to the bull.
Tone: VIX trading at 18.33
Shape of the day: This day is normally a tight trading range. Anything goes today
Honing: Spill up, AM LOW, (MID MID AM), lunch high, mid pm low, LAST HOUR HIGH.
Bill Fish (4H/4D) Holding for now. LONG
Tuna (30m 1+D) Holding for now. LONG
Sardine (5M-1D) Out waiting for direction. OUT.
Pre Opening: Holding the 5025 handle for now.
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: March 25 Worm Moon 3:00 a.m. Spring Equinox March 20 5:24 pm (all times est)
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