Issue 1,774 – Copyright, 2024, by Wyckoff AM Trader
Yesterday's Recap: Good morning. Today is SERIES S1H with the spill odds down.
Bulls try as they might, are just not getting a following back up into the promised land.
The day started out strong but ended up weak. It was an S1 day so it's odds and probabilities. The started out checking the lows and finding a bid. Bulls looked like they had it in the bag. Recovered the low, unchanged, and halfway of previous day by 10:00 am. BY 10:30 the bulls started dropping the soap. Price started to round over as the previous day high of day came into view.
A dip down, then 12:00 pm challenges the current intraday high. IT's odds. Bulls drop the soap and the bears take price back down all day long.
BY closing, price is back at the low of day and sets a new low of day.
PROSE and THE NUMBAHS
Good morning. Today is SERIES S2H with the spill down.
Today's News: Jobless Claims & Personal Income and Outlays & Employment Cost Index & Chicago PMI at 9:45, EIA Natural Gas Report at 10:30. All times EST.
Cycle Bias / Tone: Perhaps the bulls have picked up the ball again. Today will tell the tail. I said that yesterday. Unfortunately, they were unable to gain a following. As the bulls dropped the soap, the bears took the ball and drove if all the way back to the big even. Today, perhaps a second test of the Globex low?
Will it be a gap and go or gap and crap? Soon we will know.
Last Nite: Price just kept on offering down all night below the previous day's low. Then around 6:00 am bulls started to step back in. The big even offered some support. Currently trading 5816 handle.
Honing (turns): Spill down, AM HIGH, (NO MID AM), lunch low, mid pm high, LAST HOUR LOW.
S2L 10/31/24 ESZ2024
DAILY 5857.33
R2 5903.83
R1 5874.42
S1 5827.92
S2 5810.83
WEEK 5853.00
10/30/24 ESZ2024
Open 5866.25
Hod 11:55 5886.75
Lod 16:01 5840.25
Settle 5845.00
Volume 1,041,871
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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