Issue 1,772 – Copyright, 2024, by Wyckoff AM Trader
Yesterday's Recap: Good morning. Today is SERIES S3L with the spill up.
It could have gone either way but to me it was more of an S3H day. The AM HIGH came in at 10:30 center time. The MID AM LOW at 11:55 am. Late and strong. Lunch high at 1:55 pm. Not really going any where the day was more than a nothing burger day as a 21 handle day indicates.
The mid pm low at 2:50 pm and the LAST HOUR HIGH at 3:35 pm. That's juts half the equation. The price. The other half is the volume. Price for the most part just drifted down on low volume to the tune of 700K volume. This doesn't tell us much.
Just the Composite Man it letting price drift down. The downside is that is more room to go. Price is trading around the weekly pivot of 5853 handle. Let's see what the rest of the week has in store.
PROSE and THE NUMBAHS
Good morning. Today is SERIES S4L with the spill up.
Today's News: International Trade in Goods (Advance) & Retail Inventories (Advance) & Wholesale Inventories (Advance) at 8:30, Case-Shiller Home Price Index & FHFA House Price Index at 9:00, Consumer Confidence & JOLTS at 10:00. All times EST.
Cycle Bias / Tone: Bulls have been losing ground to the bears. They lost the ball. It was their ball to lose and they lost it!
Last Nite: Price just seems to be drifting down looking for a reason to get a bid or hit the offer.
Honing (turns): Spill up, AM LOW, MID AM HIGH, lunch low, mid pm high, LAST HOUR LOW.
10/29/24 ESZ2024
DAILY 5867.50
R2 5888.75
R1 5875.50
S1 5854.25
S2 5846.25
WEEK 5853.00
10/29/24 ESZ2024
Open 5879.75
Hod 09:31 5880.75
Lod 15:56 5859.50
Settle 5862.50
Volume 759,818
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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