Issue 1,895 – Copyright, 2024, by Wyckoff AM Trader
IMPRO: Wyckoff Trader :(2:37:06 AM) : I just amazes me how today's youth have been able to take the past music and make it their own; enjoy
IMPRO: Wyckoff Trader :(2:37:07 AM) : https://www.youtube.com/watch?v=x8yymm3DtVA
IMPRO: Wyckoff Trader :(2:37:38 AM) : All this is before AI; I may not make alot of sense now, but in a few years it will enjoy
IMPRO: Wyckoff Trader :(2:45:07 AM) : https://www.youtube.com/watch?v=eVH1Y15omgE
You probably won't watch it but you should. It's the future. Look at the time stamp. It kept me up while the market was up.
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…
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.
I believe we could say the Eagle has landed. Wow. POP up. Held.
DAILY:
Bulls lifted all overhead resistance in almost one fell sowp and did not look back. Price trading above monthly pivot of 5733 handle and starring down the monthly R1 5871 handle. It's onward and upward, bulls ball to loose!
YESTERDAY INTRADAY
[ Good morning. Today is SERIES S3L NORMAL. IMPRO: Wyckoff Trader :(9:35:01 AM) : WB did not like S3L ]
YESTERDAY RECAP:
Overnight price gaped up and stayed up. At the opening trader were quick to start taking profits or selling into the strength.
IMPRO: Wyckoff Trader :(11:03:41 AM) : bigger picture; Major Sign of Strength with a Minor Sign of Weakness; it's the "Bulls Ball" to lose
IMPRO: Wyckoff Trader :(12:17:32 PM) : Bulls trying to hold to he line
That's hard to keep in mind. I can only tell you they were buying at the open 9, 10, and 11 AM. Size was coming in. No bigger size was shorting it at the open. No supply was being pressed down upon the market. It's hard to see. A bid came in:
IMPRO: Wyckoff Trader :(9:53:40 AM) : just over 34,000 held that low
IMPRO: Wyckoff Trader :(10:05:29 AM) : bulls trying to hold these lows
As you can see the insider had already positioned for this move:
IMPRO: Wyckoff Trader :(10:06:38 AM) : drugs were selling off last week
IMPRO: Wyckoff Trader :(10:21:40 AM) : how is that going to effect the big box store WMT / Walgreens profit margin the phamarncy
IMPRO: Wyckoff Trader :(10:22:06 AM) : CVX and all the hospital's???
IMPRO: Wyckoff Trader :(10:23:08 AM) : UNH seeing some jiration
As you can see it was touch and go. The AM LOW sealed center time 10:30 AM it could not have been better.
IMPRO: Wyckoff Trader :(10:11:53 AM) : there is no help from above all heavy lifting by man in seat
IMPRO: Wyckoff Trader :(10:34:40 AM) : about 21,000 trying to hold a bid at these lows
IMPRO: Wyckoff Trader :(10:36:31 AM) : UNH (united health care) holding a bid
IMPRO: Wyckoff Trader :(10:36:46 AM) : he needs to wrap it
IMPRO: Wyckoff Trader :(10:45:54 AM) : bulls need to reclaim that 10:12 AM print
IMPRO: Wyckoff Trader :(10:48:44 AM) : potential seal of the AM LOW center time 10:30 AM; window still open
IMPRO: Wyckoff Trader :(10:54:37 AM) : bulls reclained that 10:12 print
IMPRO: Wyckoff Trader :(10:56:49 AM) : next window MID AM HIGH, could see some residual bear bulls need to
MID AM HIGH was a bit of a hook at 11:05 AM with the lunch low at early and weak at 12:05 PM. Price grinds up during the slog to find the mid pm high just off center time at 2:40 PM. The LAST HOUR LOW is late and strong at 3:50 PM. Can it keep going up. Yes, Will it keep going up. Perhaps. Bulls got momentum and location, location, location.
PROSE AND THE NUMBAHS
Good morning. Today is SERIES S4H.
1. Last Night: Price drifted down to the halfway retracement around the 45 handle. Found a bid. And drifted back up.
2. Large Size: No large size to speak of.
3. 7:00 AM / Premarket: After the CPI number price spikes up again and sets a new spike at 5885.50 handle. Trading above the CASH high momentary. Price has pulled back to the 5875 for now.
4. News: CPI at 8:30, 4-Week Bill Announcement & 8-Week Bill Announcement & 11:00 & 4-Month Bill Announcement at 11:00, 6-Week Bill Auction & 52-Week Bill Auction at 11:30. All times EST.
5. Cycle Bias: Longer term bulls have to wake up. They don't have to but probably best to. Still a lot of wood to chop but there is a lot of open sky. After the CPI spike, that might be the high of the day. If so the Wedge Zoom may be the door that opens. IF not, then the Normal may be our open door. Three doors to open. Two to shut. Oh let's hope it's not the link stink…
Three doors: 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 5850.25
Hod 16:03 5876.25
Lod 10:32 5805.75
Settle 5864.25
Volume 1,247,853
8. Floor Trader Pivots
DAILY 5848.75
R2 5919.25
R1 5891.75
S1 5821.25
S2 5778.25
WEEK 5733.00
Range 63
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: June 11 Strawberry Moon 3:44 a.m. Summer Solstice (Equinox) June 20 1:41 p.m. (all times Est)
Comments are closed