Issue 1,796 – Copyright, 2024, by Wyckoff AM Trader
From yesterday: Good morning. Today is SERIES S3L with the spill up. 1. Last Night: After a hard strong close, price held the top 10 handle range. Potential for more upside or a pull back today. 5. Cycle Bias / Tone: Still bullish but we might see a pullback from yesterday's highs.
IMPRO: Wyckoff Trader :(8:42:19 AM) : Good morning. Today is SERIES S3L with the spill up.
IMPRO: Wyckoff Trader :(10:52:29 AM) : Looks like the want to walk some of yesterdays gains back a bit
IMPRO: Wyckoff Trader :(10:52:48 AM) : thats good for the soul
SO as you see, I was thinking it might pull back. And good for the soul. The soul of the market that is. Wow Trump has really got it going on with that bit coin. And Brandon, he's got more than looks and height.
TRON founder Justin Sun, who ate his $6 million conceptual-art banana after buying it at auction, said his company was committed to “making America great again” after buying into World Liberty Financial for $30 million.
The president-elect serves as World Liberty Financial’s “Chief Crypto Advocate,” while his oldest sons Donald Jr. and Eric are the company’s “Web 3 Ambassadors.” Trump’s 18-year-old son Barron Trump is the company’s “DeFi Visionary.”
Trump has made overtures to the cryptocurrency industry and could appoint new leadership at the SEC that would allow World Liberty Financial tokens and other crypto assets to be legally traded, which could boost their prices in an open market and allow Trump to reap in billions of dollars.
That's the snits of it, the whole URL:
That's how big money is made!
As for yesterday, you would have made some money if you bought on the S3L AM LOW. That came in just about a spring of the previous day's low. Just about 10:30 AM with a slight hook. Next is the MID AM HIGH. That seals at 60 minutes later at 11:30 AM.
The lunch low is early and weak about 12:10 PM. That is telling you something. That's telling you bears are unable to take price lower. It's a sign of strength. Notice there is less volume than around 10:30 AM low. Well it's onward and upward till about 2:30 PM center time. Now, it's supposed to be the high of day but the bulls would have nothing of it!
The last hour low is around 3:45 PM and the close is on the high of the day!
PROSE and THE NUMBAHS
Good morning. Today is SERIES S4H with the spill down.
1. Last Night: After a strong close, what does GLOBEX do? Takes price higher! Now trading at Floor Trader Pivot R2 6081.75
2. Large Size: WOW this has drifted up on little to no volume. No larger size showing at all!
3. 7:00 AM / Premarket: Not really moving the needle. Holding the 80 handle.
4. Todays News: ADP Employment Report at 8:15, Alberto Musalem Speaks at 8:45, PMI Composite Final at 9:45, Factory Orders & ISM Services Index at 10:00, EIA Petroleum Status Report at 10:30, Treasury Buyback Announcement & Treasury Buyback Announcement (Preliminary) at 11:00, 4-Month Bill Auction at 11:30, Jerome Powell Speaks at 1:45, Beige Book & Treasury Buyback Results at 2:00. All times EST.
5. Cycle Bias / Tone: Perhaps today will close the gap and set price higher.
Three doors: Normal, Wedge Zoom, Link Stink. Potential "dog leg" from the lunch high to the mid pm low.
6. Honing (turns): Spill down, AM HIGH, MID AM LOW, lunch high, mid pm low, LAST HOUR HIGH
7. Previous Day's Numbers:
Open 6058.50
Hod 16:15 6068.25
Lod 10:54 6047.50
Settle 6067.50
Volume 756,902
8. Floor Trader Pivots
DAILY 6061.00
R2 6081.75
R1 6074.50
S1 6053.75
S2 6040.25
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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