Issue 1,811 – Copyright, 2024, by Wyckoff AM Trader
Yesterday: Good morning. Today is SERIES S2L NORMAL with the spill down.
Perhaps Monday? Time will tell. Monday has in store. I didn't see any major weak hands trading shares but we did get a bid off that low. And that low was on the AM LOW. Yea, it feels good when you get it right. Especially over the weekend. Today is the last day of trading for the year.
Is Santa Coming?
Globex held the low. Traded up. Traded down. And then set a designation to retrace Mondays range. It was a 70 handle range so they are just under half. Perhaps some resistance is coming in. It's new years eve. Traders will be fading away as some traders will be fading.
PROSE and THE NUMBAHS
Good morning. Today is SERIES S3L with the spill down.
1. Last Night: Price seems to have gotten a bid and looking to retrace Monday's range.
2. Large Size: Saw some large size over Nite. Still it's holiday trade.
3. 7:00 AM / Premarket: Perhaps is the last days of Santa Clause rally and looking to take price higher.
4. Todays News: Case-Shiller Home Price Index & FHFA House Price Index at 9:00. All times EST.
5. Cycle Bias / Tone: Traders are looking for a Santa Clause rally to make the books turn greener. Will it happen? The bigger boys are away but the ALGO's are at play. Place your bets. Roll the dice and see. I said that Friday and Monday, let's see what today has in store.
Look for the relationship between MID AM HIGH with and independent mid pm high for LAST HOUR.
6. Honing (turns): Spill up, AM LOW, MID AM HIGH, lunch low, mid pm high, LAST HOUR LOW
7. Previous Day's Numbers:
Open 5955.25
Hod 13:17 5993.25
Lod 10:25 5918.25
Settle 5955.00
Volume 1,270,179
8. Floor Trader Pivots
DAILY 5955.50
R2 6030.50
R1 5992.75
S1 5917.75
S2 5880.50
WEEK 6034.25
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)
Comments are closed