Issue 1,780 – Copyright, 2024, by Wyckoff AM Trader
Yesterday's Recap: Good morning. Today is SERIES S1H with the spill odds down.
The first day of the cycle starts with NORMAL. That's telling you it's not normal, but the day is identified as a NORMAL day. We are waiting to see if the cycle has flipped or inverted. Hard to tell, that's why WB would just say he'd go fishing on a S1 day. I just meant that he'd wait and see what the day showed at the end of the day.
I'd say the day was in favor of the bulls. The volume was low. A nothing burger day with little volume. A kind of day to get the man in the seat chopped up. As each turn just ran out of seam at the ends.
PROSE and THE NUMBAHS
Good morning. Today is SERIES S2L with the spill up.
Today's News: PPI-Final Demand at 8:30, Austan Goolsbee Speaks at 9:45, Consumer Sentiment at 10:00, Lorie Logan Speaks at 10:45, Baker Hughes Rig Count at 1:00, Michelle Bowman Speaks at 1:10. All times EST.
Cycle Bias / Tone: BY my eye, the volume was low so not supply showed up but the bulls will need to make a showing else the bears will become emboldened.
Honing (turns): Spill up, AM LOW, (NO MID AM), lunch high, mid pm low, LAST HOUR HIGH.
DAILY 5827.50
R2 5859.25
R1 5843.50
S1 5811.75
S2 5795.75
WEEK 5782.00
F 48.00 S2L 10/11/24 ESZ2024
Open 5825.50
Hod 12:18 5843.25
Lod 14:44 5811.50
Settle 5828.00
Volume 823,922
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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