Issue 1,734 – Copyright, 2024, by Wyckoff AM Trader
They say a clock is right twice a day. I'm beginning to think the same. I was bullish. That was before Globex took price down. Way down! I traded Monday night. Note to self, Do not trade Globex when premium is like -100 or more. Also do not trade Globex if you can't stay up all Nite and manage the trade.
I made 50 handles. The hard way…
Yesterday was S3L. The spill up was. It sealed just a minute or so after 10:00 am. Residual bull. The AM LOW was sealed at 10:30 am center time. The MID AM HIGH comes in center time at 11:40 am. And the lunch low at 1:00 pm. The bulls disappoint on the mid am high with a lower high intraday at 1:30 pm. This is telling you we might see some drift back down.
And we do. If you knew the clock you would have known the LAST HOUR was going to be LOW. The seal of the LAST HOUR low is at 3:50 pm. The last 10 minutes price seems to lift on increased volume.
PROSE and THE NUMBAHS
Good morning. Today is SERIES S4H with the down.
News: International Trade in Goods and Services at 8:30, Treasury Buyback Announcement & 4-Week Bill Announcement & 8-Week Bill Announcement at 11:00 & 4-Month Bill Announcement at 11:00, 52-Week Bill Auction at 11:30, 3-Yr Note Auction at 1:00 All times EST.
Last night: Bulls recover that low by recovering the 5300 last night. You can see a base forming just under the 5200 handle.
Edge: Volume on the past two days as been very climatic. Perhaps today is the day the bulls will get some play.
Globex: 78 handle trading range on 348K volume.
Cycle Bias: Favored to the bull.
Tone: VIX trading at 38.53
Shape of the day: Normal, Wedge Zoom, Link Stink
Honing: Spill down, AM HIGH, MID AM LOW, lunch high, mid pm low, LAST HOUR HIGH.
The clock is used to time your entries and exits. Position long at the lows, exit at the highs, get short at the highs, and 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: August 19 Sturgeon Moon 2:26 p.m. Fall Equinox September 22 8:43 am (all times est)
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