Issue 1,808 – Copyright, 2024, by Wyckoff AM Trader
From yesterday: Good morning. Good morning. Today is SERIES S4H IFFY with the spill up.
It's not easy geting it right. Some days are iffy while some days are not. This is holiday trade. Not sure who is trading any why. Most traders just take two and some three weeks off and enjoy the season and refresh and recharge. Other traders just grind it out hoping to catch a move.
Market opens gap down on heavy volume. Trades up for 10 minutes then trades back down. By 10:00 am you can see lifting support as a bid sets in. This S4H day so you are looking for an AM HIGH. It seals around center time 10:30 am. Next is MID AM LOW. The bid is strong so it's not going to last long.
The lunch high gets sealed at 12:30 pm. It was a strong move and it did the bulls in. Price drifts down till about 2:10 pm for the mid pm low.
It a soap drop for the bulls at 3:10 pm and price closes weak on increasing volume.
PROSE and THE NUMBAHS
Good morning. Today is SERIES S3L NORMAL with the spill down.
1. Last Night: Price opens up strong and trades up into the previous day's high. Finds supply and trades back down to the close.
2. Large Size: 1K on the 20 at 6 pm. A little more but none to speak of.
3. 7:00 AM / Premarket: Just a little nod. Holiday trade.
4. Todays News: Empire State Manufacturing Index at 8:30, PMI Composite Flash at 9:45. All times EST.
5. Cycle Bias / Tone: It's a shortened holiday week. Santa Clause rally does not start until after Christmass. Today could be the set up. Tomorrow is a half day. Then Friday. Perhaps the start of the Santa Clause Rally or later.
6. Honing (turns): Spill up, AM LOW, MID AM HIGH, lunch low, mid pm high, LAST HOUR LOW
7. Previous Day's Numbers:
Open 5907.25
Hod 12:29 6050.75
Lod 09:51 5898.25
Settle 6000.50
Volume 1,694,112
8. Floor Trader Pivots
DAILY 5983.00
R2 6135.50
R1 6068.00
S1 5915.50
S2 5830.50
WEEK 6010.08
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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