Issue 1,779 – Copyright, 2024, by Wyckoff AM Trader
Yesterday's Recap: Good morning. Today is SERIES S4L IFFY with the spill up.
Ok the day was iffy. So it's was more of an S4H day. The AM HIGH at 10:30 am center time. Some traders were shorting the open. The spill down sealed at 9:55 am. That was the easy trade. The hard trade was getting long at 10:00 am
After the AM HIGH you are looking for the MID AM LOW. That's more early and weak at 11:10 am. Next is the lunch high at 1:55 am. That would be late and strong. Next is the mid pm low and then the LAST HOUR HIGH seal at 3:55 pm.
Are you seeing a pattern here?
This day or perhaps this week was more of a shooting fish in a barrel kind of trade. From the test of the Oct low trade on Monday morning trade, bulls never looked back. By Tuesday at the open, if you were loading your wagon you should have been all loaded up. It was don't look back ant's no stopping me now.
The market spoken, Vegas odds maker spoken and the yard signs spoken. Some city had two Trump stores. The TV commercials were starting to lean to right. The signs were there if you had ears and eyes to see them…
PROSE and THE NUMBAHS
Good morning. Today is SERIES S1H with the spill down.
Today's News: Jobless Claims & Productivity and Costs at 8:30, Wholesale Inventories (Preliminary) at 10:00, EIA Natural Gas Report at 10:30, 3-Month Bill Announcement & 6-Month Bill Announcement at 11:00, 4-Week Bill Auction at 11:30 & 8-Week Bill Auction at 11:30, FOMC Announcement at 2:00, Fed Chair Press Conference at 2:30, Consumer Credit at 3:00, Fed Balance Sheet at 4:30. All times EST.
Cycle Bias / Tone: Is it going to be onward and upward? It the Trump trade still on? Is it buy the rumor sell the news?
Last Nite: Price is still holding the highs and I'm still bullish at these highs. Perhaps we may push again all time highs.
Honing (turns): Spill odds down, loupie loop, LAST HOUR ODDS HIGH.
11/07/24 ESZ2024
DAILY 5916.00
R2 6068.25
R1 6017.25
S1 5865.00
S2 5763.75
WEEK 5766.25
11/06/24 ESZ2024
Open 5820.25
Hod 10:31 5967.00
Lod 15:55 5814.75
Settle 5966.25
Volume 1,964,980
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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