Issue 1,776 – Copyright, 2024, by Wyckoff AM Trader
Yesterday's Recap: Good morning. Today is SERIES S3H with the spill down.
It's so nice to see price line up with the clock. The day was S3H. This day indicates potential down day. The AM HIGH was center time at 10:30 am. A twenty-minute down move takes away the last push up. A quick run up at 11:30 am sees supply then a dip back down. 11:55 am seals the MID AM LOW.
Next is the lunch high. Call it 11:30 am center time. Then a mid pm low at 2:20 pm. The LAST HOUR HIGH comes in at 3:20 pm.
The day was weak. The jobs numbers was not what they wanted. The day drifts back down from whince it came. Call it unchanged.
PROSE and THE NUMBAHS
Good morning. Today is SERIES S2H Normal with the spill down.
Today's News: Factory Orders at 10:00, 3-Month Bill Auction at 11:30 AM ET, 6-Month Bill Auction at 11:30, 3-Yr Note Auction at 1:00. All times EST.
Cycle Bias / Tone: Friday's high just look as it was checked. No real pressing supply on the market. The worst of the news was over. Some say the fix is in for the outcome come Tuesday. Vegas odds favor?
Last Nite: A shift in the weekend expectations took price down lower. Down to the big even 5700 handle. Looking at the Pivots price is currently trading down at the Support One. Perhaps that is the low or perhaps it could go lower. Well that's what it might look at if Mr. T does not win.
Looks like the market is factoring in a red win. If it's blue they might be singing Boo Hoo… In 2024 it's anyone guess it it's going to be a rainy night in Georgia?
Market gaped down and found a bid with trading currently trading inside from Friday.
Honing (turns): Spill down, AM HIGH, (NO MID AM), lunch low, mid pm high, LAST HOUR LOW.
11/04/24 ESZ2024
DAILY 5796.00
R2 5956.50
R1 5859.75
S1 5699.25
S2 5635.50
WEEK 5766.25
11/01/24 ESZ2024
Open 5760.75
Hod 10:31 5803.75
Lod 15:55 5752.50
Settle 5763.00
Volume 1,247,621
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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