Issue 1,786 – Copyright, 2024, by Wyckoff AM Trader
Yesterday's Recap: Good morning. Good morning. Today is SERIES S1L with the spill odds up.
It's a start of a new cycle on the end of a week. Not much to hang you hat on or brag about. The bears had their opportunity to take price lower, but bulls stepped in and held the previous day's close/settle. Perhaps the Composite was testing as he was selling to see if buyer would step in. As the volume was low about 700K not a lot of support on the bull side.
You can see price trading around the pivot till about 11:00 am and then start to lift the offers. Volume comes in at 11:30 am and then about 1:00 pm. This is a good sign for the bulls. However, the Composite Man just checks price at the highs as price drifts down to hold the halfway retracement of the day's range.
Heard in the Chat: IMPRO: HL Camp :(3:13:21 PM) : Monday is the 37th anniversary of The Crash of '87.
PROSE and THE NUMBAHS
Good morning. Today is SERIES S4H Normal with the spill down.
Today's News: No news of note. All times EST.
Cycle Bias / Tone: It's a start of a new week. Volume was lower than ideal and price was held in check for the previous day's high. I'm still with the bulls camp. The weekly pivot is holding for now.
Last Nite: Price tested Friday's high and now slowing drifting down holding above the halfway retracement. Then later loses it's bid and drifts all the way back down to Friday's low and finds a bid. Currently trading off Friday's low.
Honing (turns): Spill down, AM HIGH, MID AM LOW, lunch high, mid pm low, LAST HOUR HIGH.
10/21/24 ESZ2024
DAILY 5903.25
R2 5932.25
R1 5920.00
S1 5891.00
S2 5874.25
WEEK 5895.00
Previous day
Open 5901.50
Hod 14:27 5915.50
Lod 09:36 5886.50
Settle 5907.75
Volume 709,253
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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