Issue 1,807 – Copyright, 2024, by Wyckoff AM Trader
From yesterday: Good morning. Today is SERIES S3L IFFY with the spill up.
Smack down! Wack a Mole. I should have been more astute. I have IFFY. After the open. That was not IFFY!
From the start to the close, that red sell light stayed on. Sure just around 11:00 AM some deep pockets came in. They held while others bailed. The bears just wiped that smile right off the bulls face. Are they going lower? Sure. And why would they pass up an opportunity to shake the tree and wipe the weak hands out.
I say some strong hands with deep pocket that don't mind what happed durring the next two weeks. I looks like it might go lower.
PROSE and THE NUMBAHS
Good morning. Today is SERIES S4H IFFY with the spill up.
1. Last Night: Price dips down just a little then recovers. It's like a nightly dance. Sell it off. Buy it at the close. The buy it back.
2. Large Size: I did not see any large size last nite.
3. 7:00 AM / Premarket: Not rally anything to move the needle.
4. Todays News: Personal Income and Outlays at 8:30, Consumer Sentiment at 10:00. All times EST.
5. Cycle Bias / Tone: It's holiday trade FED DAY with FOMC hiding in the weeds. I'm still bullish. Ok, last day of will week before Christmas holiday. What could go wrong today? Let's see who's got what.
Three Doors: Normal, Wedge Zoom, Link Stink
6. Honing (turns): Spill down, AM HIGH, MID AM LOW, lunch high, mid pm low, LAST HOUR HIGH
7. Previous Day's Numbers:
Open 5988.75
Hod 09:36 6005.25
Lod 16:15 5931.75
Settle 5932.50
Volume 1,677,871
8. Floor Trader Pivots
DAILY 5956.50
R2 6030.00
R1 5981.25
S1 5907.75
S2 5883.00
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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