Issue 1,836 – Copyright, 2024, by Wyckoff AM Trader
Yesterday: Good morning. Today is SERIES S1H with the spill down.
That was NO S1H DAY!
Somebody got a spankings. If you were bullish you had till 10:00 AM to reverse and get bearish. The day is S1 day so it's odds and probabilities.
Just looking at the price action all was good for the bulls till just after 10:00 AM. After that the hammer was dropped:
IMPRO: Wyckoff Trader :(8:45:43 AM) : Good morning. Today is SERIES S1H with the spill down.
IMPRO: Wyckoff Trader :(9:18:33 AM) : for now the bulls got a bias for the day
Yes I was a bit too optimistic Friday. I still feel the technical are sound but as I stated a few days. The Trump trade was getting a little too bit crowded. Price was rounding over the last few days. This day was more given to the bears. It's just odds. WB would say loupie loop. Meaning he was leaving it up the close to decide which side won the day.
I trust you had a good Superbowl? One team showed to play and the other team just showed up. Shurly you were able to see who was going to win that game after the first minute. The market is alot like that on certain days. Too much focus on one side and not enough on the other…
PROSE and THE NUMBAHS
Good morning. Today is SERIES S4H Normal with the spill up.
1. Last Night: Price gaps down a lower low, finds a bid and start to lift the offer. Does this look familiar?
2. Large Size: Not seeing any size to speak of.
3. 7:00 AM / Premarket: Currently price is trading at the daily pivot around 6071 handle.
4. Todays News: No news of note. All times EST.
5. Cycle Bias / Tone: We will need a catalyst if price is going to take out the overhead supply. Till then is chopping away. Falling back. Regaining. Then chopping away. That was somewhat what happened Friday. Could see some more downside providing the news is not too expected.
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 6110.50
Hod 09:55 6123.25
Lod 15:18 6041.25
Settle 6051.25
Volume 1,448,454
8. Floor Trader Pivots
DAILY 6071.92
R2 6153.92
R1 6102.58
S1 6020.58
S2 5989.92
WEEK 6036.67
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: February 12 Snow Moon 8:53 a.m. Spring Equinox March 20 5:01 a.m. (all times Est)
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