Issue 1,862 – Copyright, 2024, by Wyckoff AM Trader
DAILY: (It looked good on paper but I guess the email readers do not translate)
If you were looking at it Sunday; you saw a gap. The daily is once again at the highs of the prevoius few days. The lows seems to have found support. They can only play that tarrif game uncertanity for so long. Soon, that's going to get played out. We need another shiney shiney to move the needle.
YESTERDAY INTRADAY
Friday 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. If WB was around he'd be saying; "Yes I thing the clock is getting back in syncy by now!"
I'm looking at the last hour. The last hour in a S3H day is HIGH. And that's what we got. The high of day.
Price opened up below the close and low of the previous day but the bears just could not get a following. On the second test at 10:20 AM price move up to the AM HIGH at 10:30 AM and sticks the move on a slight pullback at 10:40 AM. From there price is moved up to test the low of the previous day. And then price drifts back down to seal the MID AM LOW at 11:55 AM.
This sets up the lunch high rally. This lunch high is sealed at 1:50 PM. Just like clock work and the mid pm low at 2:30 PM with a bid of a bearish residual hook. Who want's to go home short? Apparently nobody. The LAST HOUR HIGH is seal at the closing print. Sure it was Opions Expiratin times three.
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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 S2L NORMAL with the spill up. I would anticipate … Let's see how price trades once the contract gets integrated and the time zones on both ponds get synchronous. I anticipate the day bullish to carry from Friday. Watch out for the "How deep is your three?"
1. Last Night: The PEONS are trying to front run CASH let's see how well it holds up come opening print. And now, they have broken out of all the overhead resistance and see nothing but blue sky
2. Large Size: Some biger trader size was seen over Globex. Bullish till the open and perhaps after.
3. 7:00 AM / Premarket: Price has moved past all the previous day highs. As I was talking you could see a grouping of closes at the highs.
4. Todays News: PMI Composite Flash at 9:45, 3-Month Bill Auction & 6-Month Bill Auction at 11:30. All times EST
5. Cycle Bias: I'm hoping to see some resolution on way or the other. The gap got me on reserve. Need to see how CASH sees VALUE now.
6. Honing (turns): Spill up, AM LOW, (NO MID AM), lunch high, mid pm low, LAST HIGH
7. Previous Day's Numbers:
Open 5664.00
Hod 16:00 5722.25
Lod 10:12 5652.25
Settle 5718.75
Volume 1,195,426
8. Floor Trader Pivots
DAILY 5697.75
R2 5767.75
R1 5743.25
S1 5673.25
S2 5627.75
WEEK 5713.25
Range 70
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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