Issue 1,797 – Copyright, 2024, by Wyckoff AM Trader
From yesterday: Good morning. Today is SERIES S4H with the spill down.
Sometimes it just does the body good to get it right!
The cycle was S4H and a good day it was. A gap up had all the traders iching to fade it. The green buy light was on all day. They just bought and bought and bought. Who knows why, I'm sure they will have a reason. Id say the Composite Man was checking price at the highs just too see who he could shake out. And a few he shook out.
The gap up muddied the clock.
Let's review this on more time.
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.
Yes I'm thinking that was a set up to get folks lookin at his company. You can see his company's logo TRON with the picture of the bannana as he is eating the banana.
A Chinese cryptocurrency entrepreneur who paid more than $6 million for a banana duct-taped to a wall has purchased $30 million in crypto tokens from a Donald Trump-backed venture.
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.
Prior to Sun’s involvement, World Liberty Financial had only sold roughly $24 million in tokens, falling short of a $30 million threshold that would allow a Trump-owned company to begin collecting “75 percent of net protocol revenues,” according to filings reviewed by Popular Information.
With Sun’s new stake in World Liberty Financial, Trump can reap massive profits — to the tune of $18 million.
You'd think folks would be talking about this but not a peep.
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!
Could you made some money today? Only if you were long!
IMPRO: Wyckoff Trader :(8:41:14 AM) : Good morning. Today is SERIES S4H with the spill down.
IMPRO: Wyckoff Trader :(10:58:18 AM) : bulls are determined not to dissapoint and take this higher. Somebody left the green light on
IMPRO: Wyckoff Trader :(3:13:07 PM) : don't you just love a S4H day when it starts to work out!
IMPRO: Wyckoff Trader :(3:50:52 PM) : that 07 looking pretty good to the bulls that was be floor trador pivots R3
IMPRO: Wyckoff Trader :(3:57:34 PM) : bulls had the green buy light on all day long!
IMPRO: Wyckoff Trader :(3:58:13 PM) : trans now joinign the party
Price opened at R2 6084 upthrust and then poped down to R1 6074 handle. IF you were looking to get long that was the place. Sometimes it's hard to wait. If you shorted it at the top you had to be nimble. That puts the AM HIGH about 10:50 AM. The MID AM LOW comes in about 11:45 AM. This puts the ball on the lunch high. You can see it about 1:55 PM on the upthrust.
Next we are looking for the mid pm low. Yea, that's going to be early and weak at 2:05 PM. What else did you need to know?
You can see about 1:35 PM the Composite Man shakes out all the weak holders. And rightly so. They were selling into his marking up campaign. By 2:30 PM to 3:00 PM price is just setting up the LAST HOUR HIGH. Short traders get cought and price grinds up higher. The LAST HOUR HIGH seal comes in about 3:50 PM and it's getting out time for the intraday traders who were on the right side of the trade!
PROSE and THE NUMBAHS
Good morning. Today is SERIES S1L with the spill odds up.
1. Last Night: Price drifts down about 10 handle, finds a bid and drifts back up.
2. Large Size: I did not see any large size last Nite. And the sell light was on all night.
3. 7:00 AM / Premarket: Not really moving the needle still in a 10 handle range.
4. Todays News: International Trade in Goods and Services & Jobless Claims at 8:30, EIA Natural Gas Report at 10:30. All times EST.
5. Cycle Bias / Tone: Perhaps today will close the gap and set price higher. I said that yesterday. Today may see some give back.
6. Honing (turns): Spill odds up, loupie loop, LAST HOUR ODDS LOW
7. Previous Day's Numbers:
Open 6080.00
Hod 15:51 6102.25
Lod 10:17 6072.50
Settle 6096.25
Volume 854,800
8. Floor Trader Pivots
DAILY 6090.25
R2 6120.00
R1 6108.00
S1 6078.25
S2 6060.50
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: December 15 Cold Moon 4:02 a.m. Winter Equinox December 21 4:21 a.m. (all times Est)
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