Issue 1,778 – Copyright, 2024, by Wyckoff AM Trader
Yesterday's Recap: Good morning. Today is SERIES S3L NORMAL with the spill up.
Monday price dips down and shakes all the weak hands out and Tuesday, price holds at the halfway retracement. By 10:00 am price gets a bid and takes price up to start lifting offers. The Composite Man checks price till about 1:00 pm and then price starts to give way to the halfway retracement. The daily pivot is held and on the dip at 1:10 pm volume increases and the rest of the day is up, up and away to trade back to the previous day's high.
PROSE and THE NUMBAHS
Good morning. Today is SERIES S4H with the spill up.
Today's News: EIA Petroleum Status Report & Austan Goolsbee Speaks at 10:30, 4-Month Bill Auction at 11:30, Thomas Barkin Speaks at 12:15, Philip Jefferson Speaks at 12:30, 10-Yr Note Auction at 1:00, FOMC Minutes at 2:00. All times EST.
Cycle Bias / Tone: The Composite Man seems to be depressing price keeping it low as the supports hold.
Honing (turns): Spill down, AM HIGH, MID AM LOW, lunch high, mid pm low, LAST HOUR HIGH.
Now that the month is up and running let's see where price wants to trade this week.
DAILY 5790.00
R2 5833.00
R1 5816.50
S1 5773.50
S2 5747.00
WEEK 5782.00
W 48.00 S4H 10/09/24 ESZ2024
Open 5772.50
Hod 15:54 5806.75
Lod 09:47 5763.75
Settle 5800.00
Volume 832,619
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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