Issue 1,773 – Copyright, 2024, by Wyckoff AM Trader
Yesterday's Recap: Good morning. Today is SERIES S3L with the spill up.
Spill up sealed at 9:40 am. AM LOW at 10:25 am. Next turn is MID AM HIGH. Where does it seal at? You guessed it. Center time at 11:30 am. Lunch low 1:10 pm. Looks like the bulls are in control. Two higher highs but come 2:00 pm. Is the FED on the mike? Do to Algo's shake the weak hands out?
Yes. And Yes!
Thirty minutes later, all the weak hands have surrendered their shares to the strong. The market recovers just about all the loss and then dips down for the LAST HOUR LOW. The day finishes strong as the crooks show up and run the table.
PROSE and THE NUMBAHS
Good morning. Today is SERIES S4H with the spill down.
Today's News: ISM Manufacturing Index & Construction Spending & JOLTS at 10:00, Treasury Buyback Announcement (Preliminary) & Raphael Bostic Speaks & 4-Week Bill Announcement & 8-Week Bill Announcement & 4-Month Bill Announcement at 11:00, Raphael Bostic Speaks at 11:10, 52-Week Bill Auction at 11:30, API Weekly Oil Stocks at 4:30
Cycle Bias / Tone: With the shake out in Last hour trade, potential for a move back up to the upside.
Three Doors: Normal, Wedge Zoom, Link Stink.
Honing (turns): Spill down, AM HIGH, MID AM LOW, lunch high, mid pm low, LAST HOUR HIGH.
DAILY 5794.75
R2 5858.75
R1 5833.25
S1 5769.25
S2 5730.75
WEEK 5788.00
10/01/24 ESZ2024
Open 5780.25
Hod 15:58 5820.25
Lod 14:25 5756.25
Settle 5808.00
Volume 1,148,990
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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