Issue 1,795 – Copyright, 2024, by Wyckoff AM Trader
From yesterday: Good morning. Today is SERIES S2L NORMAL with the spill up.
Ok, not a lot of bragging rights on an 18 handle range but the clock nailed it!
The Clock and Wyckoff actually. Lets take it from the eyes of the Composite Man. Over the holiday's (friday) they jamed it up. Then over the weekend, they tried to take it back down. So, at the open price opened around the 60 handle. You can see the opening buldge. Call the spill up seal at 9:35 AM.
Next is the AM LOW. If you noticed the DOW 30 all but 5 were heading South withing the opening. That was good for the clock. At least we knew it was going to be a LOW and AM LOW. On the open you can see some buying to the tune of 12K lots. Now, we have a potential minor sign of weakness in a major sign of strength. Notice at 10:00 AM price gets a bid off 13K and starts to rally for 45 minutes to wetbeak the current open.
Then a move back down for 20 mintues tests the current low of day at 10:00 AM. Notice at 11:00 AM around 10K lots hold the bid. This a sign of strength. The bulls rallied price 45 mintues the bulls could only hold it down for 20 minutes. It's telling you the path of least resistance it to the buying side.
Now you can aruge on the AM LOW. Remember it can go deeper as a how deep is your three. So call it 10:55 AM seal. Now notice price rallied for an hour and 25 five minutes. There is no MID AM turn to it goes into the lunch high. The lunch high is sealed at 12:25 PM which is about normal for a S2L day.
Notice the lunch high prints a higher high of day. Now, a drift down for the mid pm low, where does that come in at? Wait for it… Center time 2:30 PM. Notice how long in duration. About 2 hours and the bears are only able to take back just over half. A bid comes in at the 5/8 retracement.
Your next window is LAST HOUR HIGH where does it seal? Center time at 3:30 PM sixty minutes later at a new high of day. You can see at 3:40 PM price for the first time breaks the uptrend support line. Call it done.
Not bad for an 18 handle day!
Heard in the Chat: IMPRO: DAMIAN197 :(1:55:33 PM) : street retail buys, big ones sell
Some traders get all bent out of shape when they see his post. Some traders use it an indicator and fade.
I think he's right but not yesterday. By my eye it still looks like the big ones are buying. Time will tell.
IMPRO: Dboy :(1:54:26 PM) : Damin the US just had one of its largest stock flows, $140 bil.
IMPRO: Dboy :(1:54:40 PM) : inflows.
IMPRO: Dboy :(1:56:36 PM) : 140 bil is. It retail
IMPRO: Dboy :(1:56:44 PM) : is not
IMPRO: Dboy :(1:58:14 PM) : you been in he selling the largest uS bull market in history, someday you will be right but not this year or last year
IMPRO: Dboy :(1:59:27 PM) : if every time you said sell you said buy you would never have to trade again
IMPRO: Dboy :(2:00:57 PM) : and the times the ES did go his way it set up a buy op
That's why they call it a market. There is a buyer and a seller on each side. Only time will tell.
IMPRO: Wyckoff Trader :(8:47:05 AM) : Good morning. Today is SERIES S2L NORMAL with the spill up.
IMPRO: Wyckoff Trader :(10:10:18 AM) : their appears to be no lean either way; with the exception of 25 DOW securities down at the open
IMPRO: Wyckoff Trader :(12:07:48 PM) : at least for now; ridyign the bull train. Seeing buying up at these levels
IMPRO: Wyckoff Trader :(12:25:50 PM) : brought to you curtesy of the red, what and blue, seems to be the "in" thing now. everybody wants a piece of that American Pie
IMPRO: Wyckoff Trader :(12:26:54 PM) : bulls need to get a following up here; volume dropping off
IMPRO: Wyckoff Trader :(2:35:59 PM) : yes at this grind. Looking for a LAST HOUR HIGH; A lot of offers to lift
IMPRO: Wyckoff Trader :(2:37:38 PM) : bears have had 2 hours to remove the 11:00 AM rally and best they could do is half
IMPRO: Wyckoff Trader :(2:49:09 PM) : doesn't look like the bulls are able to gain a following at these levels
IMPRO: Wyckoff Trader :(2:57:47 PM) : let's see what the bulls got
IMPRO: Wyckoff Trader :(3:15:41 PM) : got a little they pop a new high; window still open
IMPRO: Wyckoff Trader :(3:21:53 PM) : looks like they turned on the green light
IMPRO: Wyckoff Trader :(3:30:04 PM) : bulls cutting through those offerings just like butter; smooth smooth butter
IMPRO: Wyckoff Trader :(3:35:49 PM) : TSLA seems to be driving this; after gap up new high]
IMPRO: Wyckoff Trader :(3:36:57 PM) : and META
IMPRO: Wyckoff Trader :(3:37:32 PM) : perhaps V
IMPRO: Wyckoff Trader :(3:38:59 PM) : and CTX; a bit of a broad rally
IMPRO: Wyckoff Trader :(3:42:01 PM) : potential LAST HOUR HIGH: window still open
As WB would say; take what you need. Leave the rest for someone else.
PROSE and THE NUMBAHS
Good morning. Today is SERIES S3L with the spill up.
1. Last Night: As one might have expected Globex has gotten themselves over their skies. Back at trading at the highs 6050 and climbing. Can we take it out today? Odds are yes. Let's see what the boys in the better seats have to say first.
2. Large Size: At 7:10 AM 1K came in a lifted the offer at the 49 handle. And at 7:31 AM also on the 49 1.1K.
3. 7:00 AM / Premarket: Not seeing any interest any way. Price still holding the 50 handle.
4. Todays News: JOLTS at 10:00, Treasury Buyback Announcement (Preliminary) & 4-Week Bill Announcement & 8-Week Bill Announcement & 4-Month Bill Announcement at 11:00, Adriana Kugler Speaks at 12:35, Austan Goolsbee Speaks at 1:30, Austan Goolsbee Speaks at 3:45, API Weekly Oil Stocks at 4:30. All times EST.
5. Cycle Bias / Tone: Still bullish but we might see a pullback from yesterday's highs.
It might take today or tomorrow till trader interest enters back into the market.
6. Honing (turns): Spill up, AM LOW, MID AM HIGH, lunch low, mid pm high, LAST HOUR LOW
7. Previous Day's Numbers:
Open 6055.25
Hod 15:30 6068.50
Lod 09:59 6049.75
Settle 6066.50
Volume 750,306
8. Floor Trader Pivots
DAILY 6061.50
R2 6080.25
R1 6073.25
S1 6054.50
S2 6042.75
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: December 15 Cold Moon 4:02 a.m. Winter Equinox December 21 4:21 a.m. (all times Est)
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