Issue 1,837 – Copyright, 2024, by Wyckoff AM Trader
Yesterday: Good morning. Today is SERIES S4H Normal with the spill up. Spill down seal at 9:40 AM. AM HIGH seal at 10:50 AM late and strong. MID AM LOW at 11:30 AM. Then the bulls give it up and lose ground only to regain it at the Lunch high at 1:55 AM. Mid pm low at 2:50 PM with LAST HOUR HIGH weak at 3:10 PM.
This day is more middy that clear. Perhaps the "Big Short" is on and those in higher places do not want America to be 'Great Again'?
I'm not sure. I do fell everyone outside this country Wheater rich or poor wants into the country. Either through investing money or investing efforts. We still got some potential downside, till we might see the upside side. This week should lean it one way or the other.
PROSE and THE NUMBAHS
Good morning. Today is SERIES S1H with the spill odds down.
1. Last Night: Price gave up most of yesterdays gain and hovering on the lows.
2. Large Size: Not seeing any size to speak of.
3. 7:00 AM / Premarket: Currently price is trading at the daily pivot around 6067 handle. Where it was yesterday morning. Starting to offer down.
4. Todays News: Jerome Powell Speaks at 10:00. 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.
6. Honing (turns): Spill odds down, loupie loop, LAST HOUR ODDS HIGH
7. Previous Day's Numbers:
Open 6080.75
Hod 14:24 6096.00
Lod 09:42 6067.75
Settle 6084.00
Volume 791,876
8. Floor Trader Pivots
DAILY 6082.50
R2 6110.75
R1 6097.25
S1 6069.00
S2 6054.25
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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