Issue 1,822 – Copyright, 2024, by Wyckoff AM Trader
Yesterday: Good morning. Today is SERIES S3L with the spill up.
While the clock may not have been perfect on the turns. You can see the characteristics of the S2L day held. Price was held the range of the S2L day. The previous day. That's what you are looking for. The lows (AM and mid pm) held. The S3L day is more about keeping what you got from the previous day.
It was a mixed day. Some sell signs were on. And some buy signs were on.
Today is ideal if price is able to hold the gains from Thursday (S3L day) and add to it. As I write Globex has done that and more. It looks to be a Gap and go type of day. Perhaps it will. Remember there are three doors:
Normal (idea)
Wedge Zoom (a zoom up from the mid am low or mid pm low
Link Stink (losing everything from yesterday and more)
PROSE and THE NUMBAHS
Good morning. Today is SERIES S4H with the spill down.
1. Last Night: After CASH slowly drifted down, Globex has recovered the loss and trading just at CASH high.
2. Large Size: Some large size is coming in lifting the offer
3. 7:00 AM / Premarket: Price has favored the bulls and curently tradign 6020 handle. Wh'd a thunk it?
4. Todays News: Housing Starts and Permits at 8:30, Industrial Production at 9:15, Baker Hughes Rig Count at 1:00, Treasury International Capital at 4:00. All times EST.
5. Cycle Bias / Tone: I'm still bullish. At least for now, Monday's low is holding. Same today. The deal about today is to hold the gains from yesterday. Idea is to hold the mid pm low at best or the MID AM LOW at worst. There is a nature to these things.
Three doors: Normal, Wedge Zoom, Link Stink.
6. Honing (turns): Spill down, AM HIGH, MID AM LOW, lunch high, mid pm low, LAST HOUR HIGH
7. Previous Day's Numbers:
Open 6001.75
Hod 11:10 6004.25
Lod 16:15 5963.25
Settle 5963.75
Volume 1,252,374
8. Floor Trader Pivots
DAILY 5977.00
R2 6018.00
R1 5990.75
S1 5949.75
S2 5936.00
WEEK 5926.00
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: December 15 Cold Moon 4:02 a.m. Winter Equinox December 21 4:21 a.m. (all times Est)
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