Issue 1,874 – Copyright, 2024, by Wyckoff AM Trader
Happy independence day! (week after)
DAILY:
Price is holding the close of the past two days. Volume has increased on these past two day. That's the start for a hand hold for the bulls. And the bulls took it back up to the top on little to no volume on the way back up.
YESTERDAY INTRADAY
[ Good morning. Today is SERIES S2H. I would anticipate – After a hard showing by the bulls it may be the bears turn and play. 1. Last Night: After dipping a bit lower, price gets a bid and start to rally. About a 1/3 is recovered from yesterday's rut. Supply comes back in and currently trading just above the lows. 5. Cycle Bias: I'm still leaning bullish, but this day is probabilities let's give the bears a turn. (I'll double down today) 6. Honing (turns): Spill down, AM HIGH, (NO MID AM), lunch low, mid pm high, LAST LOW. ]
As WB might have said; "the bears droped the soap on the AM LOW." I would say they already held it and bought it Tuesday. The timing of Trumps tweet. Maybe. That volume spike at the end of Tuesday. A good tell. Globex taking price lower. The the AM LOW trading back into the opening range.
Yes, I fliped the day. S2L. I'm sure you know the turns.
All said and done yesterday; TRUMP CRIED UNCLE, UNCLE, UNCLE !!!
Let' Peter Navaro will take the hit on this one. And I noticed that Kash Patel also took a hit.
I'm reminded of a world war where one general wanted to keep going but they pulled him back…
IMPRO: Wyckoff Trader :(8:41:35 AM) : Good morning. Today is SERIES S2H. I would anticipate – After a hard showing by the bulls it may be the bears turn and play.
IMPRO: Wyckoff Trader :(9:30:19 AM) : the bonds are unwinding…
IMPRO: Wyckoff Trader :(9:45:09 AM) : this is on thin market
IMPRO: Wyckoff Trader :(9:47:47 AM) : barely a 10 lot in the fray
IMPRO: Wyckoff Trader :(10:15:06 AM) : their are two time frames one you can see and the other you can't….
IMPRO: Wyckoff Trader :(10:26:12 AM) : I guess the analogy or Aristotle’s Logic might be: "If everyone wants to go to Dinseyland, then they should pay to enter" It's first principle thinking that is driving this
IMPRO: Wyckoff Trader :(11:48:06 AM) : a slight bid entering in
IMPRO: Wyckoff Trader :(11:49:17 AM) : I doubt this will be settled via twitters and tweets
IMPRO: Wyckoff Trader :(1:50:00 PM) : if he pauses 90 day's who will pay for all the promises he made?
IMPRO: Wyckoff Trader :(1:50:37 PM) : And who bought at the bottom?
IMPRO: Wyckoff Trader :(1:51:46 PM) : this rally was pulsed up my Algos; no size
IMPRO: Wyckoff Trader :(1:55:14 PM) : I just reminded of that old saying; "When the going get tuff the tuff get ?"
IMPRO: Wyckoff Trader :(1:58:24 PM) : he has a bigger problem he'll have to deal with:
IMPRO: Wyckoff Trader :(1:58:29 PM) : IMPRO: NJ@DTG :(5:01:48 AM) : Democrats and Republicans lawmakers are working together to create a bill that would reduce the power of the president to levy tariffs. Tariff powers are broadly granted to Congress in the Constitution, but decades of bills have slowly delegated much of that power to the president. The Senate put forth a “Trade Review Act of 2025” which would require Congress to approve presidential tariffs within 60 days. President Trump would obviously veto any bill limiting his tariff power, so a veto would need to be overridden by a two-thirds vote in both the House and the Senate.
IMPRO: Wyckoff Trader :(1:58:59 PM) : SO how is he going to fund those innitiaves / promises now/
IMPRO: Wyckoff Trader :(3:14:39 PM) : somebody is selling some up here
IMPRO: Wyckoff Trader :(3:15:31 PM) : yah bout me make me lose my mind…
IMPRO: Wyckoff Trader :(3:15:46 PM) : it goes up on vaper…
IMPRO: Wyckoff Trader :(3:16:45 PM) : this is a weak rally at these highs
That about says it all. What was it a 500 point day? Yada, yada, yada.
We've seen this play out time and time again. The 401K's were the leverage against Trump.
PROSE AND THE NUMBAHS
Good morning. Today is SERIES S3L IFFY. I would anticipate – After a hard showing by the bulls it may be the bears turn and play. Perhaps today.
1. Last Night: Price just holds at the high 5518 handle and above. And then later price started to back down 100 points and found some support down at the mid am low.
2. Large Size: Some bigger bulls have steped in. Let's see if they can hold it.
3. 7:00 AM / Premarket: Nothing really moving the needle. Traders may be waiting on the FED minutes release. Normally it's a non event. Today, perhaps not so. After the number price traded in a 20 handle plus range looking for diretion.
4. News: CPI & Jobless Claims & Thomas Barkin Speaks at 8:30, Lorie Logan Speaks at 9:30, Jeffrey Schmid Speaks & Michelle Bowman Speaks at 10:00, EIA Natural Gas Report at 10:30. All times EST
5. Cycle Bias: I'm still leaning bullish, but this day is probabilities let's give the bears a turn. (I'll double down today)
6. Honing (turns): Spill up, AM LOW, MID AM HIGH, lunch low, mid pm high, LAST LOW.
7. Previous Day's Numbers:
Open 5006.00
Hod 5520.00
Lod 4871.00
Settle 5513.00
Volume 2,880,000
8. Floor Trader Pivots
DAILY 5301.33
R2 5950.33
R1 5731.67
S1 5082.67
S2 4652.33
WEEK 5684.50
Range 649
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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