Issue 1,891 – 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. It be a hard road to hold up here Maite! I still think the Composite Man is looking to lift those offers providing he can gain a following. And Monday was not following.
YESTERDAY INTRADAY
[ 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. ]
YESTERDAY RECAP:
First of all, I can't understand how a company who privides all of you information is ablel to take it all away. My Bing browser got updated. And part of the update was to blow out all the username, passwords, websites, and cookies. SO, some words may be misspelled. It's amazine how how much stuff stops working when they decide it to.
The bulls came in on the buy side around 10:00 AM. The AM HIGH sealed about 10:50 late and strong. Mid AM LOW just a tad over center time 11:40 AM. I thought hay, it's going to be bright sunshiney day. So I walked out side. Lunch high did not dissapoint just a tad early. Real an hour early at 12:50 PM. Perhaps the market was telling me something. I did not listen.
Mid pm low. It looked good. It looked weak. Call it 2:05 PM. I thought hay, I wonder how outside is doing. The bulls got this…
Then about 2:55 PM nothing major. Volume starts to trickle off. Price starts to slip down and by 3:00 PM we are upside down. By 3:30 PM it's on my. Sealed the LAST HOUR HIGHT at 3:05 PM. Price comes back. A bid comes in at a slightly higher low and they do it all over again.
PROSE AND THE NUMBAHS
Good morning. Today is SERIES S1L. Perhaps I'm wrong but the last two hours inverted the cycle. Even though supply was not being pressed down upon the market. Algos took it down. And GLOBEX to it down futher about 50 handles SOUTH on little to no volume.
1. Last Night: The tail is wagging the dog.
2. Large Size: Not size. Some at the 19 handle. About 3,000 lots. Just 1 and 2 lots offering price down on no news to speak of.
3. 7:00 AM / Premarket: Nothing really moving the needle down here. Price is trading a S2 pivot. That's the range of the previous day.
4. News: International Trade in Goods and Services at 8:30. All times EST.
5. Cycle Bias: Monday looked good for most of the day and then it did not. The volume was low. Not a good sign for the bulls.
6. Honing (turns): Spill odds up, loupie loop, LAST ODDS LOW.
7. Previous Day's Numbers:
Open 5664.25
Hod 14:41 5706.25
Lod 09:53 5655.25
Settle 5668.50
Volume 796,531
8. Floor Trader Pivots
DAILY 5676.50
R2 5727.50
R1 5698.00
S1 5647.00
S2 5625.50
WEEK 5603.00
Range 51
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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