Issue 1,926 – Copyright, 2025, 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.
Yesterday’s tape read like a confession under pressure. The day opened with a 6-handle burst to 6153, but the Street was already leaning long—too long. By 10:20, the market had round-tripped to 6150 on 13.5k contracts, and the 11:35 print at 6140 confirmed it: the Street had overplayed its hand. Then came the 1:25 bar—14,000 contracts on a 1-handle range. That wasn’t buying, that was stalling. And when the DOM called in his communptiance at 1:40, the sweep to 6131 was surgical—9.25 handles down, 10k volume, no defense. But the market didn’t break—it cleared. By 3:25, we were back at 6150, and the 70.5k close at 6144 said it all: structure held, but not without a price.
Overlay that with the macro: the 12-day Iran-Israel war ended in a fragile ceasefire brokered by the U.S. and Qatar. Crude cratered—down over 6%—as risk premiums evaporated. That drop in energy costs gave big tech a tailwind, with names like Broadcom and Nvidia catching a bid on renewed appetite for growth. So while the Street got clipped yesterday, today it had to pay the DOM his due.
Wyckoff Trader
Now let's get to the markets
Big picture perspective
⚔️ Global Markets Rally After Ceasefire, 🏆 Gold Prices Drop After Ceasefire, 🛢️ Oil Prices Fall Amid Uncertain Ceasefire,
– Monthly: Stretching bulls legs looking to tag the January close.
– Weekly: Absorbed the overhead supply. Now looking at taking on the February lows.
– Daily: Tightened range. Holding at the highs unchanged.
MARKET RECAP
PROSE AND THE NUMBAHS
Good morning. Today is SERIES S4H. I'm leaning bullish it's ⚠️ IFFY due to the WAR PORN, it's almost over. You know what shorts do?
Perhaps they took the bears to some pain but not much
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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 Held the 51 handle.
🏮 🐂 Put in a bid to hold the 51 handle.
🏛️ 🐂 PEONS Held the 50 handle all night and then started lifting up into the 7:00 am hour. And where do they get to? 6170 handle.
2. Large Size: 🦘🐟 (no tuna), 🏮🐟 (no tuna), 🏛️🐟 (no tuna) holding the 6150
3. 7:00 AM / Premarket: After the numbers price offers down while losing nearly 20 handles off the high. A bid comes in around the 55 handle.
4. News: – 📰 (Durable Goods Orders & GDP & International Trade in Goods (Advance) & Jobless Claims at 8:30, Pending Home Sales Index at 10:00, EIA Natural Gas Report at 10:30)
5. Cycle Bias: 🏛️ 🐂 💲 Looking good, Louis! Looking good! Let's see. I'm looking for price to trade around the 45 handle. Watch 6145 off the open. If price opens above, holds a tight rotation (≤2 handles), and volume paces consider a long with target at 6158, stop under 6137. If price opens below and tests 6145 from underneath but fails to reclaim, that’s a short entry down to 6122, stop at 6149.
6. Honing (turns): Spill down, AM HIGH, MID AM LOW, lunch high, mid pm low, LAST HOUR HIGH. (this may flip)
7. Previous Day's Numbers: data issues
8. Floor Trader Pivots:
🧱 Zones of Control Weekly Pivot (6033.50) 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: 📅 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.
✋ Quick Hand Signal Glossary
– Palm up: Buyer aggression
– Palm down: Seller control
– Rotating fists: Two-way auction
– Walking fingers upward: Ladder behavior
– Slice downward hand: Fast price drop / sweep
– Two fists, pop outward: Spike bar / breakout
– Tap watch wrist: Time spent = value confirmed
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