![](https://mrtopstep.com/wp-content/uploads/2017/11/Wyckoff-Newsletter-Logo.png)
Issue 1,744 – Copyright, 2024, by Wyckoff AM Trader
My most concern has just been made real. I always feared the day when I installed the operating system on my Windows computer, that I would need not only access to the Internet, but am Microsoft account to access my computer. Truley we are living in the "end of days?" I would say the tailings of reality but most folks think I already too rabbit hole. I really hope I am wrong on 2026, 2027, 233 and 2055…
I've talked about it many times you know what it is.
It was S2L day Friday. The spell corrector changed it to S1L. That's my story and I'm sticking to it.
IMPRO: Wyckoff Trader :(8:55:50 AM) : Good morning. Today is S2L with the spill up.
IMPRO: Wyckoff Trader :(12:43:48 PM) : bulls don't seem to be getting a following up at these highs; potential lunch high; wiating on the seal
IMPRO: Wyckoff Trader :(1:09:58 PM) : potential seal of lunch high, let's see what the next hour brings
IMPRO: Wyckoff Trader :(1:29:00 PM) : this test on lower volume indicates bulls are unable to gain a following. Confirms potential lunch seal; looking for a mid pm low; lunch high window still open
IMPRO: Wyckoff Trader :(1:58:36 PM) : lunch window closed. Looking for a dog leg on the mid pm low
IMPRO: Wyckoff Trader :(2:04:40 PM) : bears are trying to take the lead
IMPRO: Wyckoff Trader :(2:37:18 PM) : that's all a dog leg we're going to get potential seal of mid pm low
Perhaps that may help. Computers are trying to be so predictive. Sometimes it's hard to type over the words they keep throwing up.
The day. The day was a good day. it was S2L. Let's talk about it. IT could be high or low. The AM TURN that is. WB just kept it simple. If you want to complicate it, we can do that too. The spill usually seals around 9:45 am it could be longer say 10:05 am. Friday it was about 9:50 am but the bulls were on a mission.
After the spill we are looking for the AM LOW. It's just the response from the strong up wave. I'm typing faster than my keyboard can accept the input. I'm going to notepad if this keeps up. Computers. You can't live without them but you really should if humanity is goanna survive.
The AM LOW should come in about center time that's 10:30 am. It's a beautiful thing when it does. Friday was not that beautiful. We had residual bulls up till about 10:15 am. Then the AM LOW started to come in. It was sealed around 10:50 am.
Now notice, bears were able to only take away about 1/2 to 5/8 of the up move. This emboldens the bulls. We've had about an hour of potential accumulation. This is confirmed as price starts upward to pin the lunch high. Since there is no MID AM turn on the S2L day, there is more time to take price higher.
If you go back to the first minute, you can see they were buying. About 35,000 by my eye. Notice about 10:50 am price comes into just about that opening print on a slight volume spike. Could it be the dippers dipping back in? This is confirmed as the current high of day is taken out at 12:00 pm just as the SLOG begins.
Notice: IMPRO: Wyckoff Trader :(1:09:58 PM) : potential seal of lunch high, let's see what the next hour brings
That's what you are looking for a seal of the lunch high.
IMPRO: Wyckoff Trader :(1:29:00 PM) : this test on lower volume indicates bulls are unable to gain a following. Confirms potential lunch seal; looking for a mid pm low; lunch high window still open
Thirty minutes later this is confirmed. The mid pm low should be a dog leg. Just a slight pull back. It was but the LAST HOUR HIGH was a sleep feast. Weak and strong. Who wants to be short over the weekend? We'll soon find out.
PROSE and THE NUMBAHS
Good morning. Today is SERIES S1L NORMAL with the spill odds up.
News: No news of note. All times EST.
Last night: Price tries to tag the next big even (5600) but gets turned away. Drifts down to the 5570 handle holds a bid and drifts backup to the 5586 handle. Currently trading just above unchanged. Notice Globex respects the daily pivot of 5571.50 handle. Notice Globex took away just about half of Friday's range.
Edge: It's been a constant grind. Traders are hoping the FED will reduce rates. Retail is buying at the highs if the past five days. Algos are trying to sell it but they are not having much luck.
Globex: 28 plus handle trading range on 118K volume.
R2 5610.25
R1 5595.50
DAILY 5571.50
S1 5556.75
S2 5532.75
WEEK 5505.00
Cycle Bias: Favored to the bear.
Tone: VIX trading at 14.80
Shape of the day: Monday Normal odds and probabilities
Honing: Spill odds up, loupie loop, LAST HOUR ODDS LOW.
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.
Comments are closed