Issue 1,791 – Copyright, 2024, by Wyckoff AM Trader
From yesterday: Good morning. Today is SERIES S4H with the spill down.
It was either a weak S4H or a S4L. To me, as you look at the nothing burger day of 34 point range up before a holiday week. It's shooting elephants with needles. Most traders will just take the week off and enjoy their family or get in the way…
Still, it not wise due to how the market trades. Since your main trader opposite you will be ALGOS and not Retail – you can develop bad habits.
Your call. It' a short holiday week.
PROSE and THE NUMBAHS
Good morning. Today is SERIES S3L Normal with the spill up.
1. Last Night: Something about fools and angels comes to mind. PEONS got themselves over their skies. Anyone want to follow?
2. Large Size Activity: Seeing some interest at the 15 handle at 4:40 AM. Again at 8:29 AM at the 17 handle. And at 10, 20, and 22 go figure…
3. 7:00 AM / Premarket: Nothing to move the needle.
4. Todays News: Chicago Fed National Activity Index at 8:30, Dallas Fed Manufacturing Survey at 10:30, Treasury Buyback Announcement at 11:00, 3-Month Bill Auction & 6-Month Bill Auction at 11:30, 2-Yr Note Auction at 1:00, Treasury Buyback Results at 2:00. All times EST.
5. Cycle Bias / Tone: IT's a gap up day. Gap and go or gap and crap? YOU BE THE JUDGE!
Price is trading at the R2 Floor trader pivot if you look below.
6. Honing (turns): Spill up, AM LOW, MID AM HIGH, lunch low, mid pm high, LAST HOUR LOW.
7. Previous Day's Numbers:
Open 5968.25
Hod 13:12 5993.50
Lod 10:29 5962.75
Settle 5991.00
Volume 1,137,952
8. Floor Trader Pivots
DAILY 5982.25
R2 6013.00
R1 6002.08
S1 5971.25
S2 5951.50
WEEK 5946.00
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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