Issue 1,900 – Copyright, 2024, by Wyckoff AM Trader
Interesting interview:
That was before the copyright suite with Ed Sherridon and blured lines and Bruno Mars (who's making a country song).
DAILY:
Hard run outside day. Are we at a high? Soon to find out. Price has a hard run yesterday and then they left the air out.
YESTERDAY INTRADAY
[ Good morning. Today is SERIES S2L NORMAL. 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. ]
Yes, I'm sure you were thinking what is Wyckoff thinking? Folks in the chat thought the same. Downrated. Downtrodden.
IMPRO: Wyckoff Trader :(12:56:58 PM) : oh yes; now that's what I'm talking about
IMPRO: Wyckoff Trader :(12:57:11 PM) : yes they are 007
IMPRO: Wyckoff Trader :(12:57:33 PM) : don't piss on the red, white and blue!
Yes everybody was looking for a blood bath. I just felt they would go bid. And the did!
From the git go. They went bid. They went bid for the first five minutes. The opening low was the opening print. Spill up was a blur 10 minutes past 10:00 AM. The AM LOW sealed at 10:30 AM center time. This opens it up for the lunch high. Price lifts the offer up to seal at 1:15 PM. No volume pressing down just a seal and turnaround.
The mid pm low somewhat early and weak at 2:20 PM. Now it's debatable if the bulls dropped the soap in the LAST HOUR. Traders like to see it RIP!
It did not. A strong close slightly off the lunch high.
PROSE AND THE NUMBAHS
Good morning. Today is SERIES S3L.
1. Last Night: Price has drifted down and removed 3/8 of the rally. Found a bid and now seeing some supply just under half that decline.
2. Large Size: No large size to speak of.
3. 7:00 AM / Premarket: Nothing moving the needle.
4. News: No news to speak of. All times EST.
5. Cycle Bias: We nailed that one Monday. Today. Not a fan of the volume but it's close enough for GOV. WORK. I goanna have to double down and go bid again.
6. Honing (turns): Spill up, AM LOW, MID AM HIGH, lunch low, mid pm high, LAST LOW.
7. Previous Day's Numbers:
Open 5912.25
Hod 13:14 5987.50
Lod 09:31 5912.25
Settle 5973.00
Volume 953,391
8. Floor Trader Pivots
DAILY 5957.58
R2 6032.83
R1 6002.92
S1 5927.67
S2 5882.33
WEEK 5883.00
Range 75
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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