Issue 1,919 – Copyright, 2024, by Wyckoff AM Trader (New Version)
FROM THE DESK OF WYCKOFF TRADER (Read the Terminology at the bottom if you need clarification on WB-isms)
– 🐂 The Bull – Represents structural resilience, bid stacking, and market strength. If liquidity holds, the bull carries the weight
– 🐻 The Bear – Symbolizes liquidity exhaustion, price vulnerability, and market weakness. If bids vanish, the bear drags the market down.
I'm typing on a keyboard that's over 25 years old. My have thigs changed since the first wave. I look on the browser start page, and I see AI images, LA Riots, and Trumps disgrace. And I ask myself; "What a wonderful world?" Is there any reason for the market to go up?
Recognize when price action shifts from reactive retail flow to institutional structuring,
Wyckoff Trader
Now let's get to the markets
Big picture perspective
⚔️ Israel-Iran conflict, 📊️ CPI / PPI, 💣 LA Disturbance,
– Monthly: Bulls got their smile wiped clean off.
– Weekly: Little stronger. Feeling better every day.
– Daily: Finally, Huston, we got a problem. Volume was low. Price was unable to take out the Fridays high. And price is drifting lower.
MARKET RECAP
I'm not as articulate as my friend Guy, but I'll give it a go. This market is going up on retail trade. Most of big hands that showed their hands reading the Time and Sales and DOM were institutions offering some size to check the rally. Through the eyes of the Composite Man price was taken from Globex low up to Mid-day high then allowed to drift down aimlessly.
I saw 55K taken on the close. During the morning high I did not see the buyers that weathered the WAR PORN exit their positions from Thursday's close.
🕒 Spill Down (9:30 to 9:57) Seal at open
🕒 AM HIGH (10:00 to 10:57) 10:30 Center Time
🕒 MID AM (None) (11:00 to 11:57)
🕒 lunch low (12:00 to 1:57) 1:10 Center Time
🕒 mid pm high (1:00 to 2:00) 2:55 Late and Strong
🕒 LAST HOUR (3:00 to 3:57) 3:55 Late and Strong
PROSE AND THE NUMBAHS
Good morning. Today is SERIES S3H. I'm leaning bullish it's IFFY due to the WAR PORN, it's almost over. You know what shorts do?
It a reactive retail trade on little to no volume. Did I get that right? Cash drives it and the Aussies drop it down. The Asians, hold the bottom and the PEONS take it to the top. This cannot continue. The sanguine nature of humanity shines in light of the "Full Moon."
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
🌍 After Hours Globex: – That's the dog (CASH) but what did the tail (PEONS) do? —WB
1. Tone Last Night: (Liquidity)
🦘🦅 Auzie's (18/4) 🧽 absorbed the weight of a weak CASH session, seeing retail trade unfold throughout the day. As the Asians opened, they 💥↓ dropped it like it was hard, sending the market from 6095 down to 6051 in the first 120 minutes. It was a bit much for 🦘 Kangaroo.
🏮 🐂 Asians (6/3) 🐻 bears dropped the 🧖 soap at 20:00 at the 6051 handle and 🐂 bulls got 🏀 ball and held 🦘 Auzie's bid. Handing the risk-on to the 🏛️ 🐂 PEONS. No hesitation, just 🧽 absorption and positioning for the next 🛒retail trade.
🏛️ 🐂 PEONS (3/11:30) grabbed the 🏀 ball and ran with it 📉 smacked it down may running an ALGO sweep springing the current low at 6045 handle.
2. Large Size: 🐟 (tuna) holding the 6071, 🐟 (tuna) holding the 6054, 🐟 (tuna) holding the 6051, 🐟 (tuna) holding the 6076
3. 7:00 AM / Premarket: 🏛️ 🐂 PEONS. All the heavy lifting been done overnight.
4. News: – 📰 (Retail Sales & Import and Export Prices at 8:30, Industrial Production at 9:15, Business Inventories & Housing Market Index at 10:00)
5. Cycle Bias: 🏛️ 🐂 💲 Looking good, Louis! Looking good!" It's up to CASH to 🏀↓ smack it down up to 🏀↑ bid it up.
6. Honing (turns): Spill down, AM HIGH, MID AM LOW, lunch high, mid pm low, LAST HOUR HIGH.
7. Previous Day's Numbers:
┌──────────────────────────── Session Summary ───────────────────────────┐
│ Weekly High 6074.00 Weekly Low 5927.50 │
│ Weekly Settle 6009.25 Final Settle 6039.75 (+54.50) │
│ Open 6067.25 Candle Body -8.75 Bullish │
│ High (10:34) 6109.00 Upper Wick 17.25 │
│ Low (09:31) 6066.25 Lower Wick 08.25 │
│ Session Range 42.25 Midpoint 6049.88 │
│ Volume 648,312 contracts Avg Range 43 pts │
└────────────────────────────────────────────────────────────────────────┘
8. Floor Trader Pivots:
🧱 Zones of Control
[🔺 Bull Zone]
R2 (6132.25)
R1 (6113.00)
[⚖️ Decision Zone]
Pivot (6089.50)
[🔻 Bear Zone]
S1 (6070.50)
S2 (6046.75)
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)
********************* Terminology *********************
"Looking good, Louis! Looking good!" – Bullish (high confidence)
"Looking good, but…" – Neutral (cautious optimism)
"Things just got ugly, Louis. Very ugly." (Black Swan)
"It's looking real bad for the bulls, Louis. Real bad." – Bearish (pessimistic)
"It's looking real bad for the bears, Louis. Real bad." – Bullish (optimistic)
🐟 (Minnows)
⏳ Lifespan: 1–2 years
💧 Liquidity Impact: Momentary—tiny, rapid entries and exits
🔄 Interpretation: Their short biological life mirrors *fleeting market presence*. They appear as *blips* on the liquidity radar—numerous but not lasting.
🐟 (Sardines)
⏳ Lifespan: 3–4 years
💧 Liquidity Impact: Mid-range, directional waves
🔄 Interpretation: Like their lifespan, they sustain presence a bit longer—*waves of flow* with follow-through. Not permanent, but *tactically significant*.
🐟 (Tuna)
⏳ Lifespan: 15–40 years
💧 Liquidity Impact: Deep, anchoring, strategic
🔄 Interpretation: Their long biological endurance maps to *long-dwelling liquidity*. When they enter, they sit, influence, and stabilize. They're duration-defined presences**, just like their species.
🧖 "Dropping the Soap"
🏀 "Running with the ball"
👵 "grandma got thrown from the train!"
📈 Up Turn – Higher highs and higher lows.
📉 Down Turn – Lower highs and lower lows.
↔️ Chop Turn – Bulls and Bears equally balanced.
💥 dropped it like it was hard (no bid stacking, no liquidity, hitting the bid)
🏀↓ smack it down or 🏀↑ bid it up (indicates a potential change in trend)
🧽 adding liquidity back into the market
SERIES Day (all times EST New York City)
🕒 Spill (9:30 to 9:57)
🕒 AM (10:00 to 10:57)
🕒 MID AM (11:00 to 11:57)
🕒 lunch (12:00 to 1:57)
🕒 mid pm (1:00 to 2:00)
🕒 LAST HOUR (3:00 to 3:57)
✔️ — The day begins with confidence: breakout, momentum, the illusion of strength
📈 — The first leg surges upward—buyers pile in, the pattern forms
↘️ — The reversal: volume fades, conviction cracks, the second leg collapses
💔 — The emotional aftermath—hope turned trap, a bull’s grin turned grimace
∨ – V formation
********************* Temporal Risk (Last Hour Transition) *********************
🌍 Globex Market Liquidity 🌍
—————————————————————
| 🌏 Region | ⏳ Open | 🚪 Close | 🔄 Overlap Start |
—————————————————————
| 🦘 Aussies | 🕕 18:00 | 🌙 4:00 | 🔄 20:00 (Asians) |
—————————————————————
| 🏮 Asians | 🕗 20:00 | 🌅 6:00 | 🔄 3:00 (PEONS) |
—————————————————————
| 🏛️ PEONS | 🕒 3:00 | ☀️ 11:30 | 🔄 3:00 (Asians) |
—————————————————————
This table enhances **clarity and structure**, using **Unicode symbols** to highlight market activity across time zones.
Let me know if you need further refinements.
**Hello World—how you doing**
(Weak Cash Close) 🦘🦅 The Kangaroo Absorbs risk from the 🦅 Wounded Eagle (Weak Cash Close), sometimes catching the knife, sometimes carrying momentum forward.
(Unchanged Cash Close) 🦘🐢 The Kangaroo Inherits liquidity from the 🐢 Tortoise (Unchanged Cash Close), the Kangaroo steps into the market with momentum and uncertainty. It may catch the knife, absorbing risk, or carry liquidity forward, reinforcing structure into the next phase.
(Strong Bull Close) 🦘🐂 The Kangaroo receives liquidity from the 🐂 Bull (Strong Close), the Aussies 🦘 step into a market with reinforced bids and momentum. The transition is controlled if liquidity holds, allowing the bull to carry strength forward. If depth weakens, the bull faces resistance, but structural integrity remains intact.
(Strong Bear Close) 🦘🐻 The Kangaroo receives liquidity from the 🐻 Bear (Strong Close), the Aussies 🦘 absorb sell-side pressure, stepping into a market where bids have vanished. The transition is controlled if liquidity stabilizes, but if depth is thin, the bear drags the market down, exposing structural gaps.
The glyphs were chosen based on cultural and symbolic associations.
– 🦘 Aussies: The kangaroo—because it’s an iconic symbol of Australia, representing agility, resilience, and movement.
– 🏮 Asians: The lantern represents tradition, prosperity, and illumination, often seen in Asian festivals and markets.
– 🏛️ PEONS: The classical building symbolizes institutional strength, structure, and historical significance, aligning with the market’s role in global finance.
– 🦅 The Wounded Eagle (Weak Close). It embodies a market that was once strong, but now struggling to defend its position, leaving the Aussie's exposed to risk at the 18:00 open.
– 🐢 Tortoise (Unchanged Close) methodical liquidity flow, carrying the weight of structure into the 18:00 open.
– 🐂 Bull (Strong Close) structural resilience, bid stacking, and market strength. If liquidity holds, the bull carries the weight into the next session.
– 🐻 Bear (Strong Close) liquidity exhaustion, price vulnerability, and market weakness. If bids vanish, the bear drags the market down, exposing structural gaps.
********************* 🏦 The Game *********************
Structure exists on both sides, but time is momentum, waiting for the next liquidity event to dictate direction.
– 🐂 Bull Structure – If bids stack and liquidity reinforce, the spine holds, and the market transitions with strength.
– 🐻 Bear Structure – If offers dominate and liquidity weakens, the foundation cracks, and the market shifts into a sell-side imbalance.
**Structure Defines Strength – Market Sentiment in Bulls & Bears**
1. **Markets don’t collapse because of selling—they collapse because of structural weakness.**
– The bid lacks stacking. The order book becomes fragmented. There’s no integrity in the foundation.
– Algorithms **raid the weakness**—not because they create it, but because it already exists.
2. **A bull market is only as strong as its scaffolding.**
– If the bids stack, if the support holds, if the market **builds from real demand**, the structure remains intact.
– When hope enters—over-leverage, thin liquidity, misplaced belief—the bull **loses its shape**, and the integrity fades.
3. **Professionals don’t fall for their own hype.**
– Amateurs chase sentiment blindly. They believe their own excitement.
– Professionals know when **belief becomes baggage**, when confidence turns into distortion.
– The true expert **cuts the noise** and stays in alignment with structure—not emotional attachment.
The **bear** doesn’t kill the bull—the bull **collapses under its own hype**.
The market doesn’t fall because sellers push—it falls because there’s nothing **left to hold the bid**.
It isn’t about price—it’s about truth, structure, liquidity and time.
🦘 The Kangaroo (Beast of Burden) carries the weight of liquidity, balancing the market’s fate as it approaches the 18:00 open. Will it reinforce structure, or will the market collapse under its own weight? The first two hours (18:00–20:00) will reveal whether this transition is controlled and strategic, or a violent liquidity sweep that reshapes the session.
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