Issue 1,861 – Copyright, 2024, by Wyckoff AM Trader
DAILY: (It looked good on paper but I guess the email readers do not translate)
We got a bit of a rally coming out of those September lows. That was expected as I discussed. Price is now trading above the 10 MA if you use that. I do not but I do know some traders do. We got a pivot bias. That's when the current day pivot is higher than the previous day pivot. That I do use.
Ok inside day. with volume shrink. The contract is changing or will completely change by Monday. For now both contracts are splitting the interest. That should change today. For the past four day's the closing price seems to be grouped together withing a 30 handle range. Price is being checked at the highs. And the day to S2H day. So it looks like we may be getting a pullback today or next week. The COMPOSITE MAN does not appear ready to let the price advance.
YESTERDAY INTRADAY
Good morning. Today is SERIES S2L with the spill down. I would anticipate … Now some traders say a dip and rip. Funny how we have sayings for things. The dip would be in AM LOW. We could have a "how deep is your three?" That is the third turn that closes the PEON close. Let's see if they are on the same time with us.
5. Cycle Bias: Now some traders say a dip and rip. Funny how we have sayings for things. The dip would be in AM LOW. We could have a "how deep is your three?" That is the third turn that closes the PEON close. Let's see if they are on the same time with us.
YES it did not do that. It was pressing on the buy side. Perhaps today I can use a CRONOVISOR and seize the day.
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I had a prior appointment that's why I was unable to trade. I wanted to stay up and walk it back down but yea right. That did not happen. I closed out at the high and went to bed. Of course, I just tossed and turned and got very little sleep. Note: if you have not filed your BOI, you might want to do so today. After 12:00 PM.
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I must admit I do feel good knowing the market is lower tonight. Why do we do that? It's temping but I will not click on that mouse.
I missed a good day. It was nothing but up straight up net. That is until the AM HIGH just about center time. The day flipped. No Kewpie doll for me. Talk about all the stars being aligned. Most not all of the DOW30 securities that matter were in lock step with each other. Had you just got on at the opening print and held on, it been a good day.
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A personal note: I'm not certain but it feels like WB would have passed on somewhere around now. He would have enjoyed the DOGE and the TESLA delimina.
PROSE AND THE NUMBAHS
Good morning. Today is SERIES S3H IFFY with the spill down. I would anticipate … Let's see how price trades once the contract gets integrated and the time zones on both ponds get synchronous.
1. Last Night: Price traded in a tight range looking for direction around Settle. Then the PEONS start to press price back down to yesterdays low
2. Large Size: Not seeing any large size of note.
3. 7:00 AM / Premarket: Nothing to really move the needle.
4. Todays News: No news of note. All times EST
5. Cycle Bias: It's iFFY today. I need to see the zones snych and the contracts combined. I'm still bulls but I'm feeling a pullback from the last four days highs.
6. Honing (turns): Spill down, AM HIGH, MID AM LOW, lunch high, mid pm low, LAST HIGH
7. Previous Day's Numbers:
Open 5692.00
Hod 10:49 5765.25
Lod 09:32 5684.50
Settle 5716.50
Volume 1,249,372
8. Floor Trader Pivots
DAILY 5722.00
R2 5802.75
R1 5759.50
S1 5678.75
S2 5641.25
WEEK 5632.08
Range 80
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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