Issue 1,890 – 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! (fifth week after)
IMPRO: Wyckoff Trader :(12:10:46 PM) : 50 handles to paradise
IMPRO: Wyckoff Trader :(12:11:04 PM) : if you pack your bags we'll leave tonight
DAILY:
That about says it all. Above the 50 MA and the 20 and the 10 MA. Blue skys open nothing but a shelf of supply in sight.
YESTERDAY INTRADAY
[ 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. ]
YESTERDAY RECAP:
Well I was a part of history. I held day eight and day nine and who know what's going to happen Monday. They was it was a 400 in 1 event. I don't know. It just seamed like a no braining. They flushe it out Thrusday. Picked it back up. And playing with the highs over Globex. I don't recoment doing it again and I am wore out!
IMPRO: Wyckoff Trader :(8:43:01 PM) : onward upward @manny onward and upward
IMPRO: Wyckoff Trader :(8:43:48 PM) : classic accmulation after close
IMPRO: Wyckoff Trader :(8:58:14 PM) : David is taking on Gailoth
IMPRO: Wyckoff Trader :(9:45:20 PM) : perhaps the bulls have finished their run; at least for now
IMPRO: Wyckoff Trader :(11:55:54 PM) : come onm, come omn, come on babby; take out that 70 handle!
IMPRO: Wyckoff Trader :(11:56:03 PM) : you know you want to…
IMPRO: Wyckoff Trader :(12:01:25 AM) : take it too the hole now!
IMPRO: Wyckoff Trader :(12:01:34 AM) : not trhough it…
IMPRO: Wyckoff Trader :(12:02:52 AM) : I think WB called it a through and through
I though I was just talking to myself. And I probally was.
IMPRO: Wyckoff Trader :(8:38:51 AM) : make a hole
IMPRO: Wyckoff Trader :(8:43:32 AM) : 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.
IMPRO: Wyckoff Trader :(8:55:08 AM) : well that's a good start for the open
IMPRO: Wyckoff Trader :(10:16:26 AM) : make a hole
IMPRO: Wyckoff Trader :(10:26:40 AM) : make a hole
IMPRO: Wyckoff Trader :(11:59:06 AM) : slow grind
IMPRO: Wyckoff Trader :(12:03:16 PM) : maybe this will help
IMPRO: Wyckoff Trader :(12:03:19 PM) : https://youtu.be/hzFpiW5vHrc?si=Mao2S3jJoFGuerUp
IMPRO: Wyckoff Trader :(12:03:27 PM) : come on come on come babby
IMPRO: Wyckoff Trader :(12:05:05 PM) : bulls absorbed the overhanging supply
IMPRO: Wyckoff Trader :(12:05:52 PM) : I've been nursing this all Nite!
IMPRO: Wyckoff Trader :(12:39:54 PM) : hurry up and wait day
IMPRO: Wyckoff Trader :(2:42:10 PM) : trader in the seat is doing all the heavy lifting
IMPRO: Wyckoff Trader :(2:46:12 PM) : what reason do they have to take this higher?
IMPRO: Wyckoff Trader :(3:13:33 PM) : no big players re in the fray
IMPRO: Wyckoff Trader :(3:15:55 PM) : y
IMPRO: Wyckoff Trader :(3:38:45 PM) : they are going to bleed this out till the end
IMPRO: Wyckoff Trader :(3:45:12 PM) : I'l take a tepid close up here and call it dinner
Ok they was selling. SPY were dropping like flys. AAPL was selling yesterday before the announcement At 10:18 AM and 10:30 AM 1,400,000 and 900,000 was hitting the tape. I did not pay any attention. I knew they were selling. It was a Gring a slow Gring. I walked away during the SLOG got some sleep. The day was S1H and I was going to see it till the end.
Don't recommend it. It will wear you out!
It was odds and probabilities. A good day if you played the odds. Some of the bigger traders are saying a pullback on a Tuesday. I never understand how they forcast that. I'm still holding. I got a pardon from the governor till Sunday.
PROSE AND THE NUMBAHS
Good morning. Today is SERIES S4H NORMAL. 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. This can't contiune to go up but I don't know. Resistance is becoming support. Let's give it one more day.
1. Last Night: If you wet-nursed the market last night over Globex, they you found that 65 handle holding for now. Price gave back about half of Fridays range.
2. Large Size: No large size to speak of. It was all one'ies and two'ies. Nevertheless, bears kept price depressed all night long.
3. 7:00 AM / Premarket: No help of this one. Bears are pined to that 65 handle.
4. News: No news of note. All times EST.
5. Cycle Bias: I'm going with oversold. Perhaps. Perhaps not. Quickly we will find out. I'll double down again today.
I'd love this day to be IFFFY but it's NORMAL. So it's the same. Globex has taken price down and waterboarded it. There is no volume. I mean no volume at all.
I could flip to S4L we will soon see if CASH agrees with the PEONS. Then tail is wagging the dog…
6. Honing (turns): Spill down, AM HIGH, MID PM LOW, lunch high, mid pm low, LAST HIGH.
7. Previous Day's Numbers:
Open 5686.50
Hod 14:38 5724.75
Lod 09:53 5663.00
Settle 5711.50
Volume 1,043,579
8. Floor Trader Pivots
DAILY 5665.50
R2 5727.25
R1 5668.25
S1 5606.50
S2 5603.75
WEEK 5603.00
Range 61
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)
Comments are closed