Issue 1,893 – 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…
Perhaps tonight we'll know!
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
Looks like the planes are grounded for now…
It's been no paradise under that 50 handle for the last two days.
DAILY:
We've had an outside day with the close somewhere in the middle. We've sprung the low of the last four days yesterday. Potential accmulation?
YESTERDAY INTRADAY
[ Good morning. Today is SERIES S2L IFFY. By take: Trusting the FED news is baked in. Could be a ruff ryder day. 5. Cycle Bias: I'm leaning long but anything could happen. One by ones and two by twos. Traders are getting weary having thier (you know the saying). Nimble and quick. You can't be that quick. Let's hope after the dust settles. I think there is two smokes that will be up tomorrow. At least by 2:30 PM or 3:00 PM the bulls will be rewarded by their hard work and staying the path.
6. Honing (turns): Spill up, AM LOW, (NO MID AM), lunch high, mid pm low, LAST HIGH. ]
YESTERDAY RECAP:
AM LOW seal late and strong at 10:55 PM. Lunch high at 1:15 PM. Mid pm low at 2:10 PM. LAST HOUR HIGH at 3:45 PM.
Price grinds up for 75 minutes till about 10:45 AM. And then it just drops like a rock till 10:55 PM for 10 minutues. Then by 1:15 PM about 75 minutes the lunch high is sealed. A slid for 55 minutes to tag the mid pm low. A run up for 95 minutes seals the LAST HOUR HIGH. The clock was showing the way.
IMPRO: Wyckoff Trader :(8:47:22 AM) : Good morning. Today is SERIES S2L IFFY. By take: Trusting the FED news is baked in. Could be a ruff ryder day.
IMPRO: Wyckoff Trader :(9:42:07 AM) : AMZN leading the charge
IMPRO: Wyckoff Trader :(9:43:14 AM) : DIS got the lean with the gap up on high volume
IMPRO: Wyckoff Trader :(10:03:57 AM) : it's going to be a hard road to hold for the bulls with no help from above
IMPRO: Wyckoff Trader :(10:11:51 AM) : I dont' know the direction of the FED but I will pronosociate this:
IMPRO: Wyckoff Trader :(10:12:08 AM) : IMPRO: Wyckoff Trader :(10:09:54 PM) : I dont' have a dog in this fight; but I'm going to go with a black pope. That's what the tea leaves are telling me
IMPRO: Wyckoff Trader :(10:45:51 AM) : I thought it was 20 percent of the population
IMPRO: Wyckoff Trader :(10:46:05 AM) : going to be a grind till too
PROSE AND THE NUMBAHS
Good morning. Today is SERIES S3L IFFY. We got past the FED let's see if we can get past the 55 handle.
1. Last Night: IMPRO: Wyckoff Trader :(4:02:34 PM) : perhaps they are going to buy em overnight. As the stroke of midnight price starts to rise up out of the overhead of supply and gets itself back into the big even 5700 handle area.
2. Large Size: At 9:00 PM 5,247 lots came in at the 45 handle and took price up to the 70 handle. Then 2,393 took out supply at the 78 handle. Then later price tags the 5716 and gets itself overbought on 2,904 lots that checked the rally.
3. 7:00 AM / Premarket: Something moved the needle and put price in a downward spiral from the 5705 handle. Trading around the 90 handle.
4. News: Jobless Claims & Productivity and Costs at 8:30, Wholesale Inventories (Preliminary) at 10:00, EIA Natural Gas Report at 10:30. All times EST.
5. Cycle Bias: It's hard to tell where price will trade tomorrow unless I wait till tomorrow tonight. My lean is price is going to drift up. I was long and my bias is long. It looked more like potential accmulation as price was being offered down without a bid in sight.
6. Honing (turns): Spill up, AM LOW, MID AM HIGH, lunch low, mid pm high, LAST LOW.
7. Previous Day's Numbers:
Open 5638.50
Hod 12:15 5675.00
Lod 09:55 5596.00
Settle 5651.25
Volume 1,126,511
8. Floor Trader Pivots
DAILY 5640.75
R2 5719.75
R1 5685.50
S1 5606.50
S2 5561.75
WEEK 5603.00
Range 76
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