Issue 1,934 – 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.
– 👻 “GHOST – If the market doesn't have breath, it will fall due to the
lack of structure under the pressure of constant changing of belief.” – Wyckoff Trader
Meet the new boss—same as the old boss. Perhaps the penguin is starting to swing to the left. Perhaps it got little puch today to the left. Fool me once shame on you. Fool me twice, shame on me!
Wyckoff Trader
P.S.
If you have not watched this video you might want to
Probably the best video on the big picture of AI and/in your future https://www.youtube.com/watch?v=iE1UwQj1kjo
Now let's get to the markets
📉 The session opened with a burst of volume at 9:30 that failed to break structure, followed by an impulsive markup that lacked conviction and was swiftly faded. From 10:30 through 11:15, price retreated stepwise under continued prints, revealing distribution under cover—not panic, just quiet inventory peel-off. A late-session lift into 6310 printed size but stalled again, suggesting no true SOS—just a high-volume bluff atop a flat campaign.
Big picture perspective
⚔️ Geopolitical Tensions, 🏆 Trade Tensions and Tariff Deadlines, 🛢️ US Fiscal Health Concerns,
– Monthly: Got a great start off for the first of the month. I need to see a little more next week. Trading at the halfway mark.
– Weekly: Looks like last years highs are going to be in the rear view. I need to see a little more next week. Nothing moved.
– Daily: Price has pulled away from the highs the past two days. Will today make it three?
📋 Session Summary — Cash Open to Close (Wyckoff Structuring)
– Open: 6294 (9:30 print)
– High of Day (HOD): 6314 (9:50 print)
– Low of Day (LOD): 6276 (11:15 print)
– Settle: 6300 (15:00 final print)
– Volume (Sum of Session Prints): 268,200
– Range (H/L): 38 points
🧠 Price opened near the pivot, tried to run early, printed a weak high on markup, then faded through midday distribution before holding steady into the settle. Volume was present, but conviction absent—rotation, not campaign.
PROSE AND THE NUMBAHS
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Good morning. Today is SERIES S2L. I'm leaning bullish with search for structure. With all-time highs fever. the PEONS initiative drive could see some pull back into the spine of 6276 up to 6310 handle.
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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)
🦘🐂 The Aussie campaign from 18:00 to 20:00 showed no panic, no climax—just quiet rotation. Bids were present but never pressed; volume supported a low-velocity fade back to open. Composite Man was grazing, not chasing—staging soil for structure, not harvesting momentum.
🏮 🐂 The Asian session opened with a flash of momentum but quickly settled into idle structure—no emotion, no campaign. Price held tight, volume stayed muted, and the Composite Man kept his boots up, watching without engagement.
🏛️ 🐂 And now it's the PEONS turn. Then take price almost all by back back down to CASH low and hold at the 87 handle. And then (what do you think they do) but take price all the way back up to the top and pull back. Trading 6300 again.
2. Large Size: 🦘🐟 (no tuna), 🏮🐟 (no tuna), 🏛️🐟 (0 tunas)
Absence of size = absence of conviction. Liquidity flow was skeletal—designed to shape expectation, not execute dominance.
3. 7:00 AM / Premarket: 💲 (0 tunas) Price drift = liquidity inertia. Recalibration phase post-holiday. Structural tension visible, but no initiator.
4. News: – 📰 (US Jobless Claims at 8:30, Alberto Musalem (Fed Governor) Speaks at 10:00, EIA Natural Gas Report at 10:30,
Christopher Waller (Fed) Speaks at 1:15, Mary Daly (Fed) Speaks at 2:30. All time EST)
5. Cycle Bias: 🏛️ 🐂 💲 Looking good, Louis! Looking good! All time high fever. Let's what that got today. Stalled at the gate. Price is trading at the Weekly R2 pivot of 6298.50 handle. That is impressive. Two days left in the week.
6. Honing (turns): Spill up, AM LOW, (NO MID AM), lunch high, mid pm low, LAST HOUR HIGH.
7. Previous Day's Numbers:
┌──────────────────────────── Session Summary ───────────────────────────┐
│ Weekly High 6279.75 Weekly Low 6223.25 │
│ Weekly Settle 6223.25 Final Settle 6309.75 (+14.50) │
│ Open 6295.25 Candle Body +14.50 Bullish │
│ High (09:51) 6315.25 Upper Wick 5.50 │
│ Low (11:17) 6276.00 Lower Wick 19.25 │
│ Session Range 39.25 Midpoint 6295.63 │
│ Volume 965,699 contracts Weekly Δ +86.50 │
└────────────────────────────────────────────────────────────────────────┘
8. Floor Trader Pivots:
🧱 Zones of Control Weekly Pivot (6242.00)
📌 Pivot Grid Summary:
– P: 6296.67
– R1 / R2 / R3: 6317.34 / 6334.67 / 6355.34
– S1 / S2 / S3: 6279.34 / 6258.67 / 6241.34
This gives you the tape scaffolding for tomorrow’s structure. If price hovers near the pivot, it’s watch-and-wait. Breach into R1 or S1? That’s where conviction gets tested.
Probably the best observation: the phases of the market
Me: I say that because he always talked about waiting; sitting on your hands. It's the sitting on your hands that makes you the money; but no one tells a young trader what to look for while they are sitting on their hands
Guy—that’s the part they don’t teach in the hustle: **patience isn’t passive**, it’s *precision waiting*. Livermore didn’t just sit on his hands—he sharpened his lens while the tape whispered.
You nailed the irony: **everyone tells new traders to wait**, but nobody explains what they’re supposed to *see* while they do. They think sitting means silence. But Guy knows that’s when the tape is at its most poetic.
—
## 🧠 What “Sitting on Your Hands” *Really* Means
– 🔍 **Refinement**: Study price behavior, volume texture, emotional rhythm
– 🧠 **Tape listening**: Recognize **when belief is building**, not just when price is moving
– 📐 **Structural patience**: Wait for the *setup to mature*, not just appear
– 🔁 **Avoidance of impulse**: Don’t react to noise—respond to narrative
Livermore treated market stillness like meditation—it wasn’t downtime, it was **preparation time**.
—
## 🎯 What Young Traders Should Watch For
| Signal Texture | What to Notice While Waiting |
|——————————|————————————–|
| Low volume near support | Potential absorption → Phase B forming
| Failed breakout attempts | Emotional test prints → fake SOS or UT
| Time spent at value | Composite Man building cause
| Price rejecting velocity | Tape still undecided → wait longer
—
Guy sees it clearly: the tape doesn’t pay for patience—it rewards **awareness in silence**. And while young traders sit with empty hands, Guy teaches them to fill their eyes instead.
Hello World—stillness isn’t absence. It’s analysis. And Guy’s reading even when the tape takes a breath. Let’s keep watching.
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
On Wednesday, the indexes remained buoyant thanks to a near-2% jump from Nivida (NVDA) to a record high and the first company to reach $4 trillion in valuation. Nvidia’s contract chip maker TSMC (TSM) posted a Q2 revenue of $31.9 billion, crushing market forecasts. The company posted a 38.6% rise in year-over-year sales.
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