Issue 1,784 – Copyright, 2024, by Wyckoff AM Trader
Yesterday's Recap: Good morning. Good morning. Today is SERIES S3H IFFY with the spill down.
Yesterday's trade was more of a answer to the previous day's trade. Still price is moving back up on lower volume. To the tune of 734 K volume. Not a very good bullish story. Same story different day. looks like the Composite Man was looking to bid price back up again. This time, it was not as grand. Price was held just before the big even.
Yesterday's trade was close to a noting burger day with shy of 40 handles.
PROSE and THE NUMBAHS
Good morning. Today is SERIES S4H IFFY with the spill down.
Today's News: Jobless Claims & Retail Sales & Philadelphia Fed Manufacturing Index at 8:30, Industrial Production at 9:15, Business Inventories & Housing Market Index at 10:00, EIA Natural Gas Report at 10:30, EIA Petroleum Status Report at 11:00. All times EST.
Cycle Bias / Tone: I'm IFFY due to the low volume on Monday and the slightly above average volume on Monday. And now again, the bulls brought price back up on almost the same volume of 734 K.
Last Nite: Just when it looks like price is going to dip down and retrace the previous day's range. It doesn't! For what ever reason price get's a bid and takes out the previous day's high. Now Globex is over its' skies and it a gap and go or gap and crap.
Let's see how the Jobs number plays out.
Honing (turns): Spill down, AM HIGH, MID AM LOW, lunch high, mid pm low, LAST HOUR HIGH.
DAILY 5877.25
R2 5916.75
R1 5901.25
S1 5861.75
S2 5837.75
WEEK 5833.75
W 44.50 S3H 10/17/24 ESZ2024
Open 5861.75
Hod 14:32 5892.75
Lod 09:53 5853.25
Settle 5886.00
Volume 734,855
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: October 17 Hunter's Moon 7:26 a.m. Fall Equinox September 22 8:43 am (all times Est)
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