Issue 1,894 – 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!
IMPRO: Wyckoff Trader :(1:46:18 PM) : perhaps their still is free will…
SO glad I was wrong. I dont' have a dog in the fight but things should not be preordained. Here's another take:
IMPRO: Wyckoff Trader :(1:46:18 PM) : perhaps their still is free will…
May you live in interesting times…
https://www.nbc.com/nbc-insider/father-guido-sarducci-snl-pope-don-novello
(shared in chat) From a kinder timeline.
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. And now three days.
DAILY:
Traders are saying to themselves; "Bulls should have held that high!" Well guess what. They did not. Algo's came in the last thirty minutes an wiped that smile away. Price upthrust out of the past four day's range. Closed holding the 5785 handle but taged the 5740 handle. Now how is that bad?
YESTERDAY INTRADAY
[ 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. 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. ]
YESTERDAY RECAP:
This day was perfect for the clock. Some uncertaniety as Trump was late. The AM LOW was late and strong. Not what you want to see for a bullish day but the bulls made up for it as the MID AM HIGH was sealed at 11:40 AM on greatly increasing volume. For now that the high in this run. Lunch low seals at 1:55 PM. Bulls drop the soap on the mid pm high. It's a minor turn still it did not fare well for them.
A bid comes in at 3:21 PM as traders stitch to the bull side and then at 3:30 PM ALGO's take it all away!
The LAST HOUR LOW seals at 3:55 PM.
PROSE AND THE NUMBAHS
Good morning. Today is SERIES S4H. IFFY Bulls failed to hold the highs
1. Last Night: NO real size overnight but a tape bomb around 7:30 AM. I missed it. And glad I did.
2. Large Size: About 25K came in support the 81 to 89 at 7:26 AM to 7:30 AM. Perhaps that's a good bid. The rest was no size all nite.
3. 7:00 AM / Premarket: After recovery price is still trading around 5700 handle.
4. News: No news of note. 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. I'm doubling down again. Perhaps test the previous days high?
Potential dog leg from lunch high down to mid pm low.
Three Windows: Normal, Wedge Zoom, Link Stink.
6. Honing (turns): Spill down, AM HIGH, MID AM LOW, lunch high, mid pm LOW, LAST HIGH.
7. Previous Day's Numbers:
Open 5688.75
Hod 12:53 5741.00
Lod 10:56 5653.00
Settle 5685.25
Volume 1,114,246
8. Floor Trader Pivots
DAILY 5693.00
R2 5781.00
R1 5733.00
S1 5645.00
S2 5605.00
WEEK 5603.00
Range 88
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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