Issue 1,924 – 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.
Today was close to a no brainer but it was not for the timid. Much has been said. The street got the buy, buy, buy sign on.
Wyckoff Trader
Now let's get to the markets
Big picture perspective
⚔️ Israel-Iran conflict, 📊️ Waiting on the next show to drop, 💣 LA Disturbance,
– Monthly: Trading above March high.
– Weekly: Crossed the previous week, now needs to reclaim and hold.
– Daily: Closing out high of the past 5 days.
MARKET RECAP
🕒 SERIES S1HL 🕒
Odds and probabilities.
PROSE AND THE NUMBAHS
Good morning. Today is SERIES S2L. I'm leaning bullish it's ⚠️ IFFY due to the WAR PORN, it's almost over. You know what shorts do?
Perhaps price is just going to keep on going up. Looking at pior highs. Let's see what they got.
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🌍 After Hours Globex: – That's the dog (CASH) but what did the tail (PEONS) do? —WB
1. Tone Last Night: (Liquidity)
🦘🐂 Auzie's Bid price up to 6100 handle and held the bid for the Asians
🏮 🐂 Held the 6100 bid waiting for the PEON open
🏛️ 🐂 PEONS (3/11:30) do all the heavy lifting lift all the supply and bring price up to where supply checked it Friday at 6132 handle. And then if that was not enough, they decided to get over their skies and take price up for a spin at 6140 handle and dip it back.
2. Large Size: 🏮🐟 (1 tuna) holding the 5999, 🏛️🐟 (1 tuna) holding the 6100
3. 7:00 AM / Premarket: Peons are over their skies; (as usually) let's see if price accepts this as value. Price has settled down to 6120 handle.
4. News: – 📰 (FHFA House Price Index & 9:00, Consumer Confidence & Jerome Powell Speaks at 10:00)
5. Cycle Bias: 🏛️ 🐂 💲 Things just got ugly, Louis. Very ugly. It's up to CASH to 🏀↓ smack it down up to 🏀↑ bid it up. Looking at the levels I see the three-day pivot at 6048/41, the weekly pivot at 6013, and daily pivot at 6048 and S1 at 6018. If buying support can get up to 18, then the 48.
None of that happened. And now we are starring at a near 55 point gap down open… And guess where we are not at the open 6048 humm…
Referenced to pivots; price is trading at R2 already before the open. Past the weekly pivots. Going to be a wild ride
6. Honing (turns): Spill up, AM LOW, (NO MID AM), lunch high, mid pm low, LAST HOUR HIGH. (this may flip)
7. Previous Day's Numbers: data issues
┌──────────────────────────── Session Summary ───────────────────────────┐
│ Weekly High 6109.00 Weekly Low 5969.50 │
│ Weekly Settle 6022.50 Final Settle 6076.75 (+97.75) │
│ Open 6025.00 Candle Body +50.75 Bullish │
│ High (3:59) 6081.50 Upper Wick 56.50 │
│ Low (12:38) 5993.25 Lower Wick 83.50 │
│ Session Range 42.25 Midpoint 6050.25 │
│ Volume 1,075,792 contracts Avg Range 66 pts │
└────────────────────────────────────────────────────────────────────────┘
8. Floor Trader Pivots:
🧱 Zones of Control Weekly Pivot (6033.50)
[🔺 Bull Zone]
R2 (6138.75)
R1 (6107.75)
[⚖️ Decision Zone]
Pivot (6050.50)
[🔻 Bear Zone]
S1 (6019.5)
S2 (5962.25)
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: 📅 July 10 Strawberry Moon Buck Moon p.m. Fall Solstice (Equinox) 📅 September 22 2:19 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"
👵 "momma 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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