Issue 1,805 – Copyright, 2024, by Wyckoff AM Trader
From yesterday: Good morning. Today is SERIES S4H NORMAL with the spill down.
I am just not a fan of this holiday trade. Most bigger traders will just take the last two weeks of due to the uncertainty. Looks like traders hyped the bid up and kept it up.
The AM HIGH came in around 10:40 AM and the MID AM LOW at 11:50 AM. Lunch high at 1:30 pm center time. Mid pm low at center time 2:30 pm.
Bulls have their opportunity to take it higher but fail to hand on to the soap at 3:10 pm.
Perhaps they are waiting for the FOMC Wednesday at 2:00 pm to take it higher. Not sure how this day will play out.
PROSE and THE NUMBAHS
Good morning. Today is SERIES S1H with the spill odds down.
1. Last Night: After the close trader take price down to the 70 handle and find a bid. Then looses it only to trade back down to the 50 handle.
2. Large Size: Did not see any large size last nite.
3. 7:00 AM / Premarket: Perhaps a bid will come will need to see. Traders are waiting on the FED tomorrow to cast their nets for the coming year.
4. Todays News: Retail Sales at 8:30, Industrial Production at 9:15, Business Inventories & Housing Market Index at 10:00. All times EST.
5. Cycle Bias / Tone: It's holiday trade with 673K lots. FOMC hiding in the weeds. I'm still bullish.
6. Honing (turns): Spill odds down, loupie loop, LAST HOUR ODDS HIGH
7. Previous Day's Numbers:
Open 6144.00
Hod 15:16 6163.75
Lod 10:23 6136.50
Settle 6149.25
Volume 673,471
8. Floor Trader Pivots
DAILY 6149.75
R2 6177.00
R1 6163.00
S1 6135.75
S2 6122.50
WEEK 6090.50
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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