Issue 1,832 – Copyright, 2024, by Wyckoff AM Trader
Yesterday: Good morning. Today is SERIES S1H NORMAL with the spill down.
This is a no brainer whether it is 1930 or 2025 handle. A classic set up. I just wonder who was in on the take?
The market gaps down on bad news. I would day tariffs are bad news. It's The Weekend. Not the singer but the date. Price has had two days to discover its highs and lows. The news is bad. Late to the table traders want it to be worst. Weak shorts are stepping up to the plate.
I'm even nubile traders talk about buying puts.
I went with S1H day. I'm bullish but it was a bullish set up. It's bad news but it can't go down any lower. The overnight Globex has not been tested.
The market opens up gap down. Those in the know quickly close their shorts. You can see that in the first ten minutes. The buy sign was on at the opening print. At least till 9:33 AM. Then the weaker traders start selling into a bag. You guessed it. Bag Holding!!!
It's been a while since I've said that. Bag holding it was. Weaker traders just kept selling into a hole/bag till about 10:20 AM, You can see 10:00 AM 10K lots come in at the 58. Then a pop up at 10:10 AM and a push back down. Price is starting to get buoyant. A 19 handle move up is more than buoyant.
It's odds on a S1 day. Perhaps we get the KEWPIE DOLL TOMORROW?
So Trump is going to Monetize the American assets? Just gets better and better. I can see many ways that can go. Adds a new handle on to the negotiating. To start understanding this market better, we have to look at it as the "Art of the Deal" 2025 Edition.
What I'm saying is for some reason no other talking head has seen – we seem to be leaning in the venachalior of China. Deep seak phrases are creaping into the tech topology. Even Trump said it; "if we don't do it China will!" In a speech a few weeks ago.
SO if we are not careful. With the Sovreign Wealth Fund, it gives Trump another bargaining chip to work with. As China, requires IP (intellectual property) and a piece of the action with any American company it does business with. Now, Trump is getting a piece of the action with any company America does business with i.e. Warrants and offerings).
It's Chian Socialism with a capitalist flip!
Perhaps this will help him hedge off his risk in the boondockle…
I've been talking about that and I will be the first to say: "If Trump is not careful. If Trump is out Trumped by billionaire boys club, he will be building a highway / bridge to nowhere. It might be called Trumps boondockle. If you just do the math you will see a potential 300 data centers could be built. That is if we could get the capacity for the KW/Giga Terra Watts to the concrete buildings.
(see the videos and math from the previous weeks)
IMPRO: Wyckoff Trader :(10:12:41 AM) : bulls are trying to get a hand hold; a few DOW30 securites already ralling from thier lows
IMPRO: Wyckoff Trader :(10:36:24 AM) : Looks like the bulls handhold (low) held this time
IMPRO: Wyckoff Trader :(10:44:30 AM) : makes you wonder if "somebody" knew something?
IMPRO: Wyckoff Trader :(11:41:10 AM) : looks like they may eat thier way through the top if given enought timel The bulls thast is from the lows
IMPRO: Wyckoff Trader :(11:49:17 AM) : I'm thinking some in the know had some side bets
Look at the timestamp 10:12, then what happens ten minutes later.
All I can say it someone in the know . . . knew!
PROSE and THE NUMBAHS
Good morning. Today is SERIES S2L with the spill down.
1. Last Night: Price does what it does. It drifted down to the 5988 and drifted back up to the 6023 handle.
2. Large Size: No big size to speak of.
3. 7:00 AM / Premarket: I have a prior engagement. I will not be able to trade today. Not seeing anything.
4. Todays News: Factory Orders 10:00 & JOLTS. All times EST.
5. Cycle Bias / Tone: We got through the big numbers. Fed day YELL. Call it 6065.25 handle. Currently trading at 6092 handle. Weekly pivot was 6095 handle. If bulls can hold that I'll be a good day.
I said that yesterday "Monday" It was a good day. If you were a bull that is!
6. Honing (turns): Spill up, AM LOW, (NO MID AM), lunch high, mid pm low, LAST HOUR HIGH
7. Previous Day's Numbers:
Open 5972.25
Hod 14:49 6049.25
Lod 10:22 5950.25
Settle 6023.75
Volume 1,644,005
8. Floor Trader Pivots
DAILY 6007.75
R2 6106.75
R1 6065.25
S1 5966.25
S2 5908.75
WEEK 6081.00
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