Issue 1,773 – Copyright, 2024, by Wyckoff AM Trader
Yesterday's Recap: Good morning. Today is SERIES S4L with the spill up.
Just when you think you got the market nailed . . . it turns up in a new direction. Well, I will never think I got is nailed but it would have been nice to just keep on going down to test the lows. It did not happen.
I've got to go with the spill down as it was sealed within 10 minutes after the open. The AM HIGH seal 10:25 am. MID AM LOW seal at 11:35 am. Lunch high at 1:05 pm. Mid pm low at 2:20 pm and the LAST HOUR HIGH at 3:30 pm.
That about sums it up. Was it news driven? Not really. It's like a cat playing with a wounded mouse. Banting about from one paw to the other…
The odds makers favor a win. The market seems to favor a win. Just waiting on a catalyst.
PROSE and THE NUMBAHS
Good morning. Today is SERIES S1H with the spill odds down.
Today's News: ADP Employment Report 8:15, GDP 8:30, Treasury Refunding Announcement & 3-Yr Note Announcement & 10-Yr Note Announcement & 30-Yr Bond Announcement at 8:30, Pending Home Sales Index at 10:00, EIA Petroleum Status Report at 10:30, Treasury Buyback Announcement (Preliminary) & Survey of Business Uncertainty at 11:00, 4-Month Bill Auction at 11:30. All times EST.
Cycle Bias / Tone: Perhaps the bulls have picked up the ball again. Today will tell the tail.
Last Nite: Price is now on it's way back up with some supply at the 80 handle. Trading just at yesterday's high. Potential inside day.
Honing (turns): Spill odds down, loupie loop, LAST HOUR ODDS HIGH.
S1H 10/30/24 ESZ2024
DAILY 5867.75
R2 5914.00
R1 5898.00
S1 5851.75
S2 5821.50
WEEK 5853.00
10/29/24 ESZ2024
Open 5852.00
Hod 16:15 5883.75
Lod 09:40 5837.50
Settle 5882.25
Volume 923,638
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: November 15 Beaver Moon 4:29 p.m. Winter Equinox December 21 4:21 a.m. (all times Est)
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