Issue 1,777 – Copyright, 2024, by Wyckoff AM Trader
Yesterday's Recap: Good morning. Today is SERIES S2L Normal with the spill up.
The day opened in a tight trading range till about 11:30 am and then it was not. A slow drift back down started as the lunch trade peaked it's head on the horizon. At 12:10 pm a dip down takes out the current days' low. And then a rally to 12:30 pm shows the weakness of the bulls. Then at 1:10 pm, you can see a lower high.
By 1:30 pm you can see the drift is on to the downside. By 2:30 pm the Algos just start throwing supply down an hole as a volume comes in a checks the decline. If you were in chat you might have heard someone say something about throwing up lunch. BY 3:00 pm a low is in for the day. Then 3:45 pm a higher low is tested.
PROSE and THE NUMBAHS
Good morning. Today is SERIES S3L NORMAL with the spill up.
Today's News: No news of note. All times EST.
Cycle Bias / Tone: The Composite Man seems to be depressing price keeping it low as the supports hold.
Honing (turns): Spill up, AM LOW, MID AM HIGH, lunch low, mid pm high, LAST HOUR LOW.
Now that the month is up and running let's see where price wants to trade this week.
DAILY 5757.00
R2 5811.50
R1 5780.00
S1 5725.50
S2 5702.50
WEEK 5782.00
T 48.00 S3L 10/08/24 ESZ2024
Open 5781.75
Hod 10:17 5788.75
Lod 15:00 5734.25
Settle 5748.50
Volume 927,375
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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