Issue 1,784 – Copyright, 2024, by Wyckoff AM Trader
"Did he get control of the hose?" On my. Well hose = house. Did he get control of the house?
Republicans secure House majority in yet another blow to Democrats. Apparently yes, the world will resolve without any input from me. So glad after getting through all this pain, WE got the trifecta or whatever it is. Now, I'm just giving it to GOD.
The market did what we expected it would do. At the open, dipped down to test the Globex low. Found a bid and lifted offers up to 6035 handle. BY 12:30 pm price started to get checked and round over. No pressing supply just not ready to take it higher. Price drifts down and closes on the lows.
PROSE and THE NUMBAHS
Good morning. Today is SERIES S3L with the spill up.
News: Jobless Claims & PPI-Final Demand at 8:30, Thomas Barkin Speaks at 9:00, EIA Natural Gas Report at 10:30, EIA Petroleum Status Report at 11:00, 3-Month Bill Announcement & 6-Month Bill Announcement & 10-Yr TIPS Announcement & 20-Yr Bond Announcement at 11:00, 4-Week Bill Auction at 11:30 & 8-Week Bill Auction at 11:30, Jerome Powell Speaks at 3:00. 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? Yes I said that last week, let's see what today has to offer for the bulls and bears. My lean is still bullish.
Three doors: Normal, Wedge Zoom Link Stink
Honing (turns): Spill down, AM HIGH, MID AM LOW, lunch high, mid pm low, LAST HOUR HIGH.
11/14/24 ESZ2024
DAILY 6015.50
R2 6059.00
R1 6039.25
S1 5995.75
S2 5972.00
WEEK 5930.50
11/13/24 ESZ2024
Open 6016.00
Hod 13:04 6035.25
Lod 10:08 5991.75
Settle 6019.75
Volume 1,106,041
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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