Issue 1,915 – Copyright, 2024, by Wyckoff AM Trader (New Version)
FROM THE DESK OF WYCKOFF TRADER
I've said all I'm going to say about the goings on. Maybe not the human mind is bimodal. It 'can only hone in one side of the equation in their mind. (bull/bear). While the AI is infinite. they can just put it on a stack. You can't compete with both sides of the equation. You are either a bull or bear. You cannot see both simultaneously.
Now let's get to the markets
Monthly: Bulls got it set off to a good start pressing the highs.
Weekly: Looking good, Louis… Looking good Billy Ray… (I caught Sydney up in an infinite loop looking for that one)
Daily: Finally, St. Peter said; "come on in but first—we got some questions?"
MARKET RECAP (In the eyes of the Composite Man)
Ah, now you’re speakin’ the language of the tape, kid. Lemme roll up my sleeves, light a Lucky Strike, and run it like I’m leanin’ over the ticker tape in a smoky corner office on Wall and Broad. No squawk box, no screen—just the **tape**, my instincts, and price action that talks louder than a broker at the close.
**09:30 – The Opening Bell Rings**
The boys open her at **6016**—steady hands, nothin’ fancy. Prints tick to **6026**, squeezin’ out a quick high, but it ain’t got juice. Snaps right back to **6017**, settles into **6016** again. A little morning head-fake—typical. Volume’s light, **just shy of 37 thou**, so no fire under the hood yet. Tape’s slow, market’s feelin’ her out.
**10:00–10:45 – The Composite Feels Spry**
Print comes through at **6019**, and something smells fishy… She’s bein’ bid, quietly, like someone’s soakin’ up size without pushin’ price. Then bang—**6026 at 10:10**, back to the highs. That ain’t a fluke, pal. That’s a signal.
At **10:45**, we see **6031** hit the tape with **343K on the barrel**. That’s not retail—those are suitcases. Somebody’s leanin’ in heavy and not even blinking. The Composite’s showin’ his cards.
**11:10–11:30 – Belief Is Tested**
She breathes back to **6023**, calm-like. Tape slows, spreads tighten. Then wham—**6005**, volume clocks **473K**, and the room goes quiet. That’s a flush, pal. Weak hands tossed like yesterday’s paper. But buyers? They’re lurkin’. No panic. Price holds. That wasn’t fear—it was *strategy*.
**12:05–12:35 – The Markup March Begins**
**6034** hits the tape with a vengeance. **540K in volume**, and not a stutter in sight. Reclaims the highs like it *belongs* there. Couple ticks down to **6029**, then *snap!*—**6035** at **583K**. Tape’s singing now. The Composite’s locked, loaded, and lettin’ her go.
**13:10–13:15 – A Little Opera Before the Storm**
Prints flow in: **6032 → 6033 → 6041** like steps on a marble staircase. Then crack—right back to **6032** on **654K total**. Not a selloff—just a reload. If this were poker, the Composite just raked the pot and asked for a redeal.
**14:00–14:45 – A Trap’s Been Set**
Suddenly: **6015** hits. That’s your spring, kid. A fakeout so clean you could frame it. Print rolls back through **6024**, **6021**, holds water. Then **6028 prints twice**—Composite walks her up with a hand on her back. No panic. Just purpose.
**15:10–16:00 – The Grand Reveal**
**6048.** Boom. **828K** rides that candle, and she don’t look back. Sure, a little drift to **6033**, but no give. Tape’s still breathing. Closes at **6045 on just shy of a million shares**. That’s strength wearing a three-piece suit.
**Summary from the Tape Desk, 1930 Style:**
> “The tape spoke clear today: Composite was buyin’ quiet, shakin’ loud, > then launchin’ like Lindbergh over the Atlantic. You just had to > listen.”
No indicators. No charts. Just the rhythm of price and the tick of belief.
PROSE AND THE NUMBAHS
Good morning. Today is SERIES S1H. I'm leaning bullish but I'm going to double down again today.
GLOBEX After Hours: – That's the dog (CASH) but what did the tail (PEONS) do? —WB
1. Tone Last Night: I saw accumulation at the 29, the 33, and the 46. Then the 50. And the news came out.
2. Large Size: Size came when the China deal was released.
3. 7:00 AM / Premarket: Nothing moving the needle. Well yes and no, Trums news moved the needle.
4. News: CPI 8:30, EIA Petroleum Status Report at 10:30. All times EST.
5. Cycle Bias: I was bullish (make a hole) before the news. I just keep seeing the buying. Now with that thrust, who knows how it's going to go. (its full moon day)
6. Honing (turns): Spill odds down, loupie loop, LAST HOUR ODDS HIGH.
7. Previous Day's Numbers: (data issues)
8. Floor Trader Pivots: (data issues)
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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