Issue 1,814 – Copyright, 2024, by Wyckoff AM Trader
Yesterday: Good morning. Today is SERIES S2H IFFY with the spill down.
It was IFFY. I was concerned as price sprang the past few days low it would get a bid. And it did! Wyckoff would say that is a sign of strength. Not by what it did but what it could not do and that is go lower. Back in the day when trading was more technical analysis and not levels and indicators that meant something…
IF you like that kind of trade then you just loved Friday. A lot of volitivity at the beginning of the morning open. If you're not careful you can get washed out in the first minute.
It's really had to put the clock in a box on a day like this. Trading inside range of a holiday trade.
You could argue you had the AM LOW as price tests the previous day's close. And the Lunch high at center time 1:30 pm. Then it starts to fall apart in the last two hours and the mid pm low is right at 2:00 pm and the LAST HOUR HIGH is a dismal failure.
No real strong lean as price moves up on lower volume.
PROSE and THE NUMBAHS
Good morning. Today is SERIES S1H NORMAL with the spill odds down.
1. Last Night: Onward and upward. Price just grinded up to recover the highs of last week. Currently trading 6036 right at R2.
2. Large Size: Did not see any large size.
3. 7:00 AM / Premarket: Nothing moving the needle.
4. Todays News: PMI Composite Final at 9:45, Factory Orders at 10:00. 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 5945.00
Hod 14:41 5996.75
Lod 10:22 5934.00
Settle 5985.75
Volume 997,889
8. Floor Trader Pivots
DAILY 5972.00
R2 6034.75
R1 6010.25
S1 5947.50
S2 5909.25
WEEK 5965.50
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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