Issue 1,787 – Copyright, 2024, by Wyckoff AM Trader
Yesterday's Recap: Good morning. Good morning. Today is SERIES S4H Normal with the spill down.
It's the start of the week and the end of the cycle. Bulls were hard pressed to take price above Friday's settle. Friday they was buying Thrusdays settle. Monday they were welling Friday's settle. Do you see a pattern here? I had S4H. The spill is a non even but the AM HIGH comes in around 10:25 am center time.
From there it's just a dop to the MIA AM LOW. Price takes out Friday's low. If you were looking to get short it would have been at the AM HIGH.
Then a grind back up to the lunch high. Comes in late and strong just before 2:00 pm. As the mid pm looks for it's low a bid starts to come in at the floor trader pivot around 2:30 pm at 5883 handle.
Our next turn is the last hour high. It's dismal. Price drops down a little bit lower after three then a weak tepid rally up to the close. The close is just under the daily pivot or just under the halfway retracement of Friday's range but the last 10 minute show price increasing in extent and expanding volume.
PROSE and THE NUMBAHS
Good morning. Today is SERIES S1H with the spill down.
Today's News: No news of note. All times EST.
Cycle Bias / Tone: I'm still thinking it's the bulls ball to lose. Notice the daily pivot of 5890 is in alignment with the weekly pivot of 5895 handle.
Last Nite: After the close and settle price tried to regain Monday's high. Supply keeps coming in at the big even. Need to see that taken out for a strong bullish story.
Honing (turns): Spill odds down, loupie loop, LAST HOUR ODDS HIGH.
10/22/24 ESZ2024
DAILY 5890.25
R2 5933.75
R1 5915.75
S1 5872.25
S2 5846.75
WEEK 5895.00
Previous day
Open 5898.50
Hod 10:18 5908.50
Lod 11:31 5865.00
Settle 5897.75
Volume 867,752
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)
Comments are closed