Issue 1,771 – Copyright, 2024, by Wyckoff AM Trader
Yesterday's Recap: Good morning. Today is SERIES S3L with the spill up.
The AM LOW was late and strong at 10:55 am. That means bears took price down lower longer. Late and string compared to center time say around 10:30 am. Now the MID AM HIGH is also late and strong. Notice as the bulls stepped up the lack of follow through in recovering the loss from the bears.
Next is the lunch low. Notice it seals around 1:20 pm as price checks the unchanged from yesterday.
Then the mid pm high it seals early and weak at the 2:20 pm marker. Price trades sideways till the close.
If you've been listening to what going on in NY press conference, I was reminded to the through; "History always repeats itself, to those who fails to learn it's lessons. The lesson I'm referring is the fall of Rome. Rome crumbled due to its infostructure. All the folks migrated to Rome. And it could not handle the influx of the excess as its current citizens were already overburdened…
PROSE and THE NUMBAHS
Good morning. Today is SERIES S4H with the spill down.
Last Nights Trade: After finding the 5812 price started to see supply and started offering back down. Then a bid starts to come in at the big even and price tries to get back up again. Currently trading 5815 handle.
Large Size Activity: Larger size of Globex was seen across the board.
Today's News: International Trade in Goods (Advance) & Personal Income and Outlays & Retail Inventories (Advance) & Wholesale Inventories (Advance) & 8:30, Consumer Sentiment at 10:00, Baker Hughes Rig Count at 1:00, Michelle Bowman Speaks at 1:15, Farm Prices at 3:00. All times EST.
Cycle Bias / Tone: This day has three doors. Open one and close two. Normal, Wedge Zoom, Link Stink.
Honing (turns): Spill down, AM HIGH, MID AM LOW, lunch high, mid pm low, LAST HOUR HIGH.
9/25/24 ESZ2024
Open 5823.75
Hod 09:31 5827.25
Lod 13:20 5778.25
Settle 5803.75
Volume 1,052,602
DAILY 5803.00
R2 5852.00
R1 5827.75
S1 5778.75
S2 5754.00
WEEK 5736.00
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: September 17 Harvest Moon 10:34 p.m. Fall Equinox September 22 8:43 am (all times Est)
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