Issue 1,889 – Copyright, 2024, by Wyckoff AM Trader
2026/2027, 2033, and 2055. Let's see. I'm thinking we might be seeing a black pope once the smoke clears…
May you live in interesting times…
Happy Independence Day! (fourth week after)
We are back on top. At least from the previous two weeks. Yep it's almost in the rear view mirow. Bulls came in with gusto the first hour. All eyes were on deck for MSFT, AMZN, NVDA, and APPL. HD was sucking wind but AMZN keep the crowd entertained while selling was in their midst.
DAILY:
Bulls got the job done but they just could not hold on the the soap at those highs. There was some supply but nothing major. That's my story and I'm sticking to it. Don't mind the 13,283 lots that may have check the 95 minute rally. I really though they could hold on to it. They let it slip slid away all the way back down.
YESTERDAY INTRADAY
[ 5. Cycle Bias: It's the bulls ball to lose. Price is traiding up at the recovered highs. Prem across the board confirms. Let's see what they got. ]
YESTERDAY RECAP:
Yes they lost it yesterday!
Ok, let's get to it. The day fliped from S4H to S4L. Not an ideal for the clock. It became less muddy the last 10 minutes of the day. Strange. In ten minutes you can wipe that smile right off your face. It took two hours to put it up and 30 minutes to bring it back down:
IMPRO: Wyckoff Trader :(10:37:39 AM) : gald to get that overhanging supply out of the way
IMPRO: Wyckoff Trader :(10:37:47 AM) : now let's see what the bulls can do
IMPRO: Wyckoff Trader :(10:38:40 AM) : let's hope it's not a through and through…
IMPRO: Wyckoff Trader :(10:52:10 AM) : some supply entering in the fray
IMPRO: Wyckoff Trader :(10:39:26 AM) : next stop perhaps the 72
IMPRO: Wyckoff Trader :(10:55:42 AM) : sliced and diced that now onward and upward
IMPRO: Wyckoff Trader :(11:58:38 AM) : two hours to up it up and an hour to take it away
IMPRO: Wyckoff Trader :(12:02:14 PM) : it was more thirty minutes took it away
IMPRO: Wyckoff Trader :(4:31:33 PM) : i stoped at pong; I started peaking and pokin into RAM with my Timex Sinclair
Traders were talking about how you needed to be a gamer to trade that last 10 minutes.
I got long at 9:45 AM 5643 and I should have gotten out at 11:15 AM 5683 when 13,283 lots crossed the tape. I just wanted to see could they do some more. I even said in the chat: "IMPRO: Wyckoff Trader :(11:18:24 AM) : 82 and 94 next nothing stopping them bulls" Nothing but 13,283 lots. Had I drawn a support line I could have easily seen the bulls were unable to touch the over bought line at 11:00 AM and then 11:15 AM.
Had I drawn a support line I could have easily seen the support line was broken at 11:30 AM. SO there you go. How a simple line can remove all doubt and hesitation.
The spill up sealed at 9:45 AM. AM LOW early and weak at 10:10 AM. MID AM HIGH at 11:15 AM with the lunch low at 12:15 PM. The mid pm high at 1:50 PM and the LAST HOUR LOW at PEON OPEN? Just kidding last print and below. The tail is wagging the dog…
PROSE AND THE NUMBAHS
Good morning. Today is SERIES S1H IFFY. I would anticipate – It's the bulls turn. Perhaps Trump got an Ace up his pocket? Double down one more time since this hard selloff at the close yesterday.
1. Last Night: After a hard sell off on the close, the "magic hand" steps in a lifts price back up to where it was in CASH. Try as it might, GLOBEX was unable to take out the high. Currently back in the middle of where it all began.
2. Large Size: No large size to speak of last nite.
3. 7:00 AM / Premarket: Waiting on the jobs. After the numbers price spike up to the 80 handle and then pulled back. Now, waiting on the DOG (CASH) to wag the tail.
4. News: Employment Situation at 8:30, Factory Orders at 10:00. All times EST.
5. Cycle Bias: I'm going with oversold. Perhaps. Perhaps not. Quickly we will find out.
6. Honing (turns): Spill odds down, loupie loop, LAST ODDS HIGH.
7. Previous Day's Numbers:
Open 5645.00
Hod 11:16 5682.50
Lod 16:11 5601.75
Settle 5609.25
Volume 1,081,082
8. Floor Trader Pivots
DAILY 5631.00
R2 5711.75
R1 5660.50
S1 5579.75
S2 5550.25
WEEK 5411.75
Range 63
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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