Issue 1,812 – Copyright, 2024, by Wyckoff AM Trader
Yesterday: Today is SERIES S3L with the spill down.
The bigger traders are not around yet. They will show up. Perhaps the bigger volume will show up the second week of 2025. If you look at the lows from Monday and then the lows of Tuesday, you can see a potential selling climax, automatic rally, and secondary test with a spring on the overnight low.
A lot of traders are leaning for lower low. Perhaps. We will have to see. My lean is possibly a challenge of the previous weeks high.
Let's see when the volume comes in and the traders come back with the true path of resistance lies.
PROSE and THE NUMBAHS
Good morning. Today is SERIES S1H NORMAL with the spill odds down.
1. Last Night: From the bulls playbook after last trading day of 2024 price drips down below the low, gets a bid and start to lift offers up to halfway recovery of the last day of 2024. That was the middle of the night and now just before the open they have wet beaked the big even 6000 handle.
2. Large Size: Still not seeing any large size.
3. 7:00 AM / Premarket: For now nothing to move the needle. Even at the elevated level.
4. Todays News: Jobless Claims at 8:30, PMI Manufacturing Final at 9:45, Construction Spending at 10:00, EIA Petroleum Status Report at 11:00. All times EST.
5. Cycle Bias / Tone: Most financial reporters are saying buy the dip for the long term.
6. Honing (turns): Spill odds down, loupie loop, LAST HOUR ODDS HIGH
7. Previous Day's Numbers:
Open 5972.50
Hod 10:03 5980.25
Lod 14:44 5917.25
Settle 5937.75
Volume 1,130,231
8. Floor Trader Pivots
DAILY 5945.00
R2 6008.00
R1 5972.75
S1 5909.75
S2 5882.00
WEEK 5963.75
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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