Issue 1,849 – Copyright, 2024, by Wyckoff AM Trader
Yesterday: Today is SERIES S2H IFFY with the spill down.
Let's all give thanks or at least be thankful. I am just god smacked how U.S. Politics have become such an integral part of our everyday life. Everywhere you go, folks are talking about it. I really don't care. IT's out of my hands now. I just need to see what four years can do. Do not be alarmed there will NEVER BE an major dentation. It would tear up the space time continuum.
AND THAT WILL NEVER BE ALLOWED…
Remember 2026/27, 2033, and 2055 (I hope I'm wrong)
Today I was not I was IFFY. Meaning most likely it will reverse. These days are really hard to read. It's more like how did the day end. Volume came in and rushed up to the close. And then a lot of volume hit at the close. This usually signals a top due to effort vers result. It was a Friday, it was an end of month.
Wyckoff never had to contend with that kind of nonsense – cause they traded on Saturday…
The best way to look at a day like today is major and minor waves. The major wave were AM LOW. LAST HOUR HIGH. If you look at the volume it comes in strong at the open and starts to trail off at the 11:00 AM highs. Then you can see the volume increase as price starts to work back down. We spring the current day's low, the close and previous day's low.
This indicates a sign of strength as the volume swells and a bid comes in price starts to lift offers up to the last hour. And then as the current intraday high gets taken out price closes strong off the lows.
PROSE and THE NUMBAHS
Good morning. Today is SERIES S1H NORMAL with the spill odds down.
1. Last Night: Of course the PEONS are over their skies. And why would'nt they. Crypto rules. I don't say that they do.
2. Large Size: No large size of note.
3. 7:00 AM / Premarket: Not seeing anything to move the needle. At least not yet. Trader waiting on Friday's jobs report..
4. Todays News: PMI Manufacturing Final at 9:45, ISM Manufacturing Index & Construction Spending at 10:00, 3-Month Bill Auction & 6-Month Bill Auction at 11:30, Alberto Musalem Speaks at 11:35. All times EST
5. Cycle Bias: I could be wrong on this, but I do feel that we have a potential preliminary support or preliminary selling climax due to the expanded price extent and expanded volume coming off the lows. Ok said that yesterday. Then yesterday was potential preliminary support or preliminary selling climax. We just need more price action and time on the clock to get a better read.
Ok I said that the last two days last week. Volume has increased on both days. By that I'm feeling that price will need to test the lows before heading back up.
6. Honing (turns): Spill odds down, loupie loop, LAST ODDS HIGH
7. Previous Day's Numbers:
Open 5879.75
Hod 16:00 5971.00
Lod 13:22 5848.00
Settle 5957.25
Volume 2,312,390
8. Floor Trader Pivots
DAILY 5925.42
R2 6048.42
R1 6002.83
S1 5879.83
S2 5802.42
WEEK 5957.58
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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