Issue 1,770 – Copyright, 2024, by Wyckoff AM Trader
Yesterday's Recap: Good morning. Today is SERIES S3L with the spill up.
From the chat:
IMPRO: Trader :(10:18:50 AM) : Heads up: Today is an S3 day.
IMPRO: Trader :(10:19:20 AM) : S3 days are notoriously choppy, range bound days.
IMPRO: Trader :(10:24:05 AM) : What is an S3 day? Thank you
IMPRO: Trader :(10:27:09 AM) : It is a tool for day trading specifically a for timing entries. It has nothing to do with price rather time
Trader: Wyckoff Trader :(11:05:45 AM) : As Manny said it's more for timing entrys and exits. Each day has a character and tone.
That says it about all. The day was nothing burger day as a day goes. More like traders picking each others pockets. Something for the bulls. Something for the bears. The AM LOW seals about 10:30 am. Next we are looing for the MID AM HIGH. That comes in about 11:20 am at a lower high.
Algo's are pressing to get Retail Insitutions to throw up there breakfast. And they do. Now you are looking for the lunch how to print a low. And that's early and weak at 12:20 pm. Price is oversold and the bears drop the soap. Bulls bring it back up and the day ends. A nothing burger day.
PROSE and THE NUMBAHS
Good morning. Today is SERIES S4H with the spill down.
Today's News: Durable Goods Orders at 8:30, Consumer Sentiment at 10:00. All times EST.
Cycle Bias / Tone: I'm still thinking it's the bulls ball to lose. Price sell off to the weekly pivot of WEEK 5895.00 handle.
Last Nite: Currently price is trading around unchanged. And now has gotten a bid trading just above yesterdays high at 5870 handle.
Three doors. Close two. Open one. Normal, Wedge Zoom, Link Stink.
Honing (turns): Spill down, AM HIGH, MID AM LOW, lunch high, mid pm low, LAST HOUR HIGH.
10/25/24 ESZ2024
DAILY 5845.17
R2 5880.42
R1 5867.83
S1 5832.58
S2 5809.92
WEEK 5895.00
10/24/24 ESZ2024
Open 5857.00
Hod 09:31 5857.75
Lod 12:14 5822.50
Settle 5855.25
Volume 951,102
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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