Issue 1,894 – Copyright, 2024, by Wyckoff AM Trader
Happy Independence Day! (sixth 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:
Inside day. Not a good day to end on a Friday. Still above the MA's but stil it could go either way. Are they buying on the sly? Yes. Are the Algos pushing price down with easy. Yes.
YESTERDAY INTRADAY
[ Good morning. Today is SERIES S4H. IFFY Bulls failed to hold the highs ]
YESTERDAY RECAP:
Don't do this often and you may disagree but I would flip the day to S4L. Not a fan of that day and neigher was WB. I did research the day and it shows up in the mix.
IMPRO: Wyckoff Trader :(9:49:54 AM) : red light sell light is on
That about says it all. It was nothing but selling pressure. I would like to say it was ballanced but it was not. Once they lost the opening ballance low in my mind, it fliped to the AM LOW. Late and strong. Where do you go from here? Your under the settle. You are under the daily pivot. And you just beat down with selling pressure.
The AM LOW seales at 10:40 AM center time. Which could also been the selling climax. The Automatic Rally seals at the MID AM HIGH 11:55 PM (12:00 PM). You know nothing good happens at 12:00 PM. The lunch SLOG get's tages at the lunch low at 1:25 PM. This also defines the Secondary Test.
Algo's take it both ways and starts to apper as Accmulation.
Price puts in a potential mini Sign of Strength ast the mid pm high comes in just at 2:00 PM. With the Last Point of Support at 2:30 PM. It was looking good until the bulls droped the soap at 3:10 PM and then the Bears steped up and took it way at 3:18 PM.
The LAST HOUR LOW is sealed at closing print.
IMPRO: Wyckoff Trader :(11:17:42 AM) : if/or when this selling pressure lifts it's going to get very interesting
IMPRO: Wyckoff Trader :(1:21:33 PM) : yep thinking just that those last two hours built up a cause
IMPRO: Wyckoff Trader :(3:38:23 PM) : just looks like they are trying to keep price down
IMPRO: Wyckoff Trader :(4:02:00 PM) : that they did @007 at 3:18 hanks, algos were in the fray
IMPRO: Wyckoff Trader :(4:07:05 PM) : I"m knackered
IMPRO: Wyckoff Trader :(4:07:15 PM) : Pitbull knackered
The White House Briefing:
IMPRO: Wyckoff Trader :(1:34:32 PM) : wow she just riped that girl a new one
IMPRO: Wyckoff Trader :(3:10:23 PM) : AMZN and GE leading the charge
State of the Union: ALGOS
IMPRO: Wyckoff Trader :(11:01:16 AM) : I agree PITBULL I've been noticing that the last few weeks
IMPRO: Wyckoff Trader :(11:02:24 AM) : they used to share the space now they dominiate it!
PROSE AND THE NUMBAHS
Good morning. Today is SERIES S3L NORMAL. Weak close with an inside day.
1. Last Night: As you might have thought price gaped up and then just moving up. Currently trading 5857 on Trump news.
2. Large Size: 16,789 took out the 5767 at 3:00 AM. Then about 34,000 and change chased price up to the 5836 handle for the next 15 minutes. About 5,000 came in at the 5660 handle and started checking at 8:23 marker.
3. 7:00 AM / Premarket: Nothing really moving the needle. Price has already moved. coming off the 5660 handle.
4. News: No news of note. All times EST.
5. Cycle Bias: No view either way. One side will need to show itself. DO I feel it's bullish YES but bulls will need to show up today!
6. Honing (turns): Spill up, AM LOW, MID AM HIGH, lunch low, mid pm HIGH, LAST LOW.
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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