Issue 1,864 – Copyright, 2024, by Wyckoff AM Trader
DAILY:
Price held the 10 day MA and the 20 day MA. Bulls got their eyes one the 50 day MA. It's a bit away, give it time. However, this is the day when if price is going to start to dip down. It may start today.
YESTERDAY INTRADAY
Good morning. Today is SERIES S3L. I would anticipate – the AM LOW to be defended on the AM LOW. Ideal. lunch low. Less Ideal. Worst Ideal. LAST HOUR LOW. Perhaps we could see some supply coming in at the 37 handle and more at the 55 handle.
Even on of those hogs can get an ear of corn. The supply coming in at the 37 handle was like clock work. You had it in your email. It was R1 at the bottom of yesterday's email. A slight gap up was respected with a quick slap down. The settle held. I don't think we violated either one the AM LOW or the lunch low from the previous day.
I had to step out for the first part of the day. And then I remembered Danny saying; "There are three parts to the trading day." And I thought; "I'll trade the afternoon. I got back just in time to see the 1:30 PM dip. Got on board but then price did not. Price held back until the 2:10 PM and then the 3:00 PM. I should have known. I held on. Waitng. I was rewareded.
But then I switched the clock to S3H day. Spill down, AM HIGH, MID AM LOW, lunch high, mid pm low, LAST HOUR HIGH.
Or at least that was what I was anticipating. I got out just before the close at 3:54 PM. Perhaps a few minutes but I did not want to lose the afternoon and half the nite. I say we got the We got that one right. Got the KEWPIE DOLL!!!
The clock say's; "I'M BACK BABBBY!"
IMPRO: Wyckoff Trader :(8:25:13 AM) : Good morning. Today is SERIES S3L. I would anticipate – the AM LOW to be defended on the AM LOW. Ideal. lunch low. Less Ideal. Worst Ideal. LAST HOUR LOW. Perhaps we could see some supply coming in at the 37 handle and more at the 55 handle.
Yea we got that!
IMPRO: Wyckoff Trader :(1:05:20 PM) : it was nice to see that 37 handle check the rally
IMPRO: Wyckoff Trader :(2:30:36 PM) : bulls may still hve one last push up
We got that too and the close (LAST HOUR HIGH)
IMPRO: Wyckoff Trader :(2:35:34 PM) : man in the seat doing all the heavy lifting'
IMPRO: Wyckoff Trader :(3:47:22 PM) : bring it to the hole!
PROSE AND THE NUMBAHS
Good morning. Today is SERIES S4L. I would anticipate – Perhaps price may try to fade away to test some lows.
1. Last Night: Price just held in a tight range between the 30 and the 20 coloring outside the lines on both sides.
2. Large Size: At 4:12 AM bulls defended the 16 handle on 1,202 lots. Then at 6:41 about 5,000 lots defended the 21 handle. About 1,078 came in at the 25 handle.
3. 7:00 AM / Premarket: Nothing to move the needle.
4. Todays News: USA US:Case-Shiller Home Price Index at 9:00, USA US:Consumer Confidence & USA US:New Home Sales at 10:00. All times EST
5. Cycle Bias: To my eye, bulls have exhausted this run but I saw buying at yesterdays CASH lows three and then four times. Those are the big pockets. They can afford to average in and buy lower. It all depends upon today which way to path of least resistance will sway. Nothing but blue sky up ahead if the bulls can get a following.
6. Honing (turns): Spill up, AM LOW, MID AM HIGH, lunch low, mid pm high, LAST HOUR LOW
7. Previous Day's Numbers:
Open 5826.00
Hod 10:53 5837.25
Lod 14:53 5809.50
Settle 5828.75
Volume 832,029
8. Floor Trader Pivots
DAILY 5825.17
R2 5852.92
R1 5840.83
S1 5813.08
S2 5797.42
WEEK 5713.25
Range 27
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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