Issue 1,884 – Copyright, 2024, by Wyckoff AM Trader
May you live in interesting times…
Happy Independence Day! (third week after)
I've seen enough pundits try to put their spin on this. I get it. Drive factories back to America. My question might be what drove them away? Oh, I know that answer but does Elon? I don't think skill is a problem, but I do think will – might pose a big challenge. And that goes down the rabbit hole…
Looks like Cramer got the pay off. He's doggign the POTUS… That tells me CHINA is goign to give in! I'll say it again. He's KNIFES OUT on the POTUS. You can almost see the strings in the background. Playing like he's a friend to the common working man.
Ok side note: Perhaps they should start to regulate how Microsoft controls the tools you use every day. I woke up, found my browser had been updated for the umpteenth time. Only this time, they decided to flush my wallet with all the passwords. Then then told me they could import it but I don't' use the cloud. Mightily white of em!
DAILY:
Traders are now saying oh well the bulls now have the ball. A slow grind back up. Price closed and held the 5500 big even handle.
YESTERDAY INTRADAY
[ Good morning. Today is SERIES S1L. I would anticipate – I'm seeing selling up here. Not a lot but some. 6. Honing (turns): Spill odds up, AM LOW, MID PM HIGH, lunch low, mid pm high, LAST ODDS LOW. ]
YESTERDAY RECAP:
It was odds. The bears dropped the soap during GLOBEX. When the bulls opened, they picked it up and just grinded all day long. It flipped to S1H.
PROSE AND THE NUMBAHS
Good morning. Today is SERIES S2L. I would anticipate – More grinding.
1. Last Night: Globex tried to get a little higher than CASH. Got over their skies
2. Large Size: No large size to note for now.
3. 7:00 AM / Premarket: Nothing moving the needle.
4. News: No news of note. All times EST.
5. Cycle Bias: The bulls took it to the hole. NO supply was seen. Just a constant grind up.
6. Honing (turns): Spill up, AM LOW, (NO MID AM), lunch high, mid pm low, LAST HIGH.
7. Previous Day's Numbers:
Open 5411.75
Hod 12:29 5541.50
Lod 09:31 5398.50
Settle 5521.75
Volume 1,096,298
8. Floor Trader Pivots
DAILY 5487.25
R2 5630.25
R1 5576.00
S1 5433.00
S2 5344.25
WEEK 5358.00
Range 121
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: May 12 Flower Moon 12:56 p.m. Summer Solstice (Equinox) June 20 1:41 p.m. (all times Est)
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