Issue 1,899 – Copyright, 2024, by Wyckoff AM Trader
IMPRO: Wyckoff Trader :(3:25:47 PM) : monthly R1 is 5926 that a good run for the month
IMPRO: Wyckoff Trader :(3:26:03 PM) : daily R2 was 5919 handle
Take that for what it's worth!
DAILY:
Now, I can't tell you if we were in Distribution from Tuesday and Wednesday and Thursday was an upthrust but we will know today.
After the close the last few minutes some news was released about A's decreasing and price dipped about 30 handles. Little to no volume. Had that not happened it would have closed at the high on the daily. Looking at the weekly, it would look good and it was. The daily closed with a higher high.
YESTERDAY INTRADAY
[ Good morning. Today is SERIES S3L. ]
At the open it was knifes out for the bulls for the first few minutes. Price traded for the first thirty minutes and then the first hour with each dunk recovering and printing a higher high. By the AM LOW seal at 10:45 AM the bears gave it up. If you had gotten long there, you had a good day.
Price grinds up to the MID AM HIGH one hour later at 11:45 AM. And a slight shadow lunch low early and weak at 12:10 PM. From there it's just a grind up to the mid pm high at 2:55 PM late and strong. A small dip to the LAST HOUR LOW at 3:45 PM.
This day is:
IMPRO: Wyckoff Trader :(9:23:43 AM) : Bull back in the uptrend channel before the open
IMPRO: Wyckoff Trader :(9:40:18 AM) : Bulls holding the support line
IMPRO: Wyckoff Trader :(11:19:48 AM) : Wo this is going to be a hard road to hold for the bulls
IMPRO: Wyckoff Trader :(12:07:55 PM) : Bulls working that thin support line
IMPRO: Wyckoff Trader :(12:56:50 PM) : They are determined to bid this up
IMPRO: Wyckoff Trader :(1:20:29 PM) : Somebody absorbed supply
IMPRO: Wyckoff Trader :(1:28:49 PM) : Potential for mid pm to be high of day but perhaps not
IMPRO: Wyckoff Trader :(2:54:21 PM) : Keep em rolling
IMPRO: Wyckoff Trader :(3:49:12 PM) : this has been a grind all day with no size stepping up either way
IMPRO: Wyckoff Trader :(4:04:04 PM) : there is a lot of securites getting off the buss on thiis closing print
That about says it!
PROSE AND THE NUMBAHS
Good morning. Today is SERIES S2L NORMAL.
1. Last Night: After the downgrade Friday, price drifted down to the 5895 handle and found a weak bid. Currently bulls printing a slight up trend.
2. Large Size: No size to mention. All light volume.
3. 7:00 AM / Premarket: Nothing moving the needle. Waiting on the next shoe.
4. News: No news to speak of. All times EST.
5. Cycle Bias: (Bulls will need to hold what they got till the next shoe. They put in a good run yesterday, let's see what they have today.) Ok that was Friday. The question today might be; "did the down grade and the low volume (897,189 lots) signal perhaps this is high enough for now. Today will tell the tale.
Potential dog leg from lunch high down to mid pm low.
6. Honing (turns): Spill up, AM LOW, (NO MID AM), lunch high, mid pm low, LAST HIGH.
7. Previous Day's Numbers:
Open 5944.50
Hod 16:00 5977.50
Lod 10:45 5924.75
Settle 5972.50
Volume 897,189
8. Floor Trader Pivots
DAILY 5958.25
R2 6011.00
R1 5991.75
S1 5939.00
S2 5905.50
WEEK 5883.00
Range 52
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)
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