Issue 1,813 – Copyright, 2024, by Wyckoff AM Trader
Yesterday: Good morning. Today is SERIES S1H NORMAL with the spill odds down.
Well that was NO S1H day. It was all L day. When bigger traders are way the Algos will play. Not sure if it's algos. Who knows?
I have not traded the past two weeks. Most traders do not. Sure you can catch a move but you can also catch something else.
A lot of folks enjoy this type of trade. It's just not my cup of tea. Perhaps they are selling the market off. We will know more next week…
PROSE and THE NUMBAHS
Good morning. Today is SERIES S2H IFFY with the spill down.
1. Last Night: After a 100 points sell off bulls were able to get price back into the range of the past few days.
2. Large Size: Still not seeing any large size.
3. 7:00 AM / Premarket: For now nothing to move the needle. Even at these elevated levels.
4. Todays News: ISM Manufacturing Index at 10:00, EIA Natural Gas Report at 10:30, Thomas Barkin Speaks at 11:00, Baker Hughes Rig Count at 1:00
. All times EST.
5. Cycle Bias / Tone: Most financial reporters are saying buy the dip for the long term.
6. Honing (turns): Spill down, AM HIGH, (NO MID AM), lunch low, mid pm high, LAST HOUR LOW
7. Previous Day's Numbers:
Open 5967.75
Hod 10:07 5985.00
Lod 13:55 5874.75
Settle 5921.75
Volume 1,484,678
8. Floor Trader Pivots
DAILY 5927.00
R2 6037.25
R1 5979.50
S1 5869.25
S2 5816.75
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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