Issue 1,947 – 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
From yesterday 7/28
[📜 Good morning. Today is SERIES S1L. Spine: strength confirmed 6434 down to lunch low 6409.]
Sometimes you get the ear of corn. Low of day: (15:41) – 6396.25 Spine low 6409. My tell was the volume. The volume was very low. Globex kept biding price up on the tariff news. Only a matter of time for CASH to offer price back down to wholesale.
Wyckoff Trader
P.S.
Let's get to the markets!
📜 Big picture perspective
⚔️ Geopolitical Tensions, 🏆 Trade Tensions and Tariff Deadlines, 🛢️ US Fiscal Health Concerns,
– Monthly: Just a slight pull back from the highs. Still trading just off the lows.
– Weekly: What started out as a good run was given all away; Price has lost the high and the close of the previous week.
– Daily: Price has pulled back to the close of the past three days. Perhaps the low is in. Let's see what J Powell got.
I'm always amazed how traders have references. And sometimes price just goes to where it goes. However, the floor trader pivot reference was strong yesterday. Even stronger was the high of the last two weeks. This shows institutional influence. A tight float.
🕒 SERIES S1L 🕒
|—————————————————————-|
| PREV CLOSE| N/A | 4:00 | N/A | 6425 | 62,100 | -07 |
|—————————————————————-|
| OPEN | N/A | 9:30 | N/A | 6436 | 14,800 | +11 | Spine high
|—————————————————————-|
| CLOSE | N/A | 4:00 | N/A | 6404 | 64,700 | -32 | Spine low
|—————————————————————-|
PROSE AND THE NUMBAHS
They say you can only make a decision based upon who you are; or after your decision—who you were. You have freedom to choose but you can only choose based upon who you are at your present—space time moment but you have total and absolute freedom to choose who you will become!
— Wyckoff Trader
Heraclitus. 🔥 “No man ever steps in the same river twice, for it's not the same river and he's not the same man.” In our case the same trade.
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📜 Good morning. Today is SERIES S2H IFFY. Spine: strength confirmed 6434 down to lunch low 6409.
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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)
🦘🐂 Price opens at the big even and starts to lift offers up to the 6412 handle.
🏮 🐂 Held the bid around the 6400 handle waiting on the PEONS. Notice the floor trader daily pivot is the 12 handle.
🏛️ 🐂 Seeing price too high, start to offer price back down to just above the big even.
2. Large Size: 🦘🐟 (no tuna), 🏮🐟 (no tuna), 🏛️🐟 (no tunas)
Absence of size = absence of conviction. Liquidity flow was skeletal designed to shape expectation, not execute dominance.
3. 7:00 AM / Premarket: 💲 (no tunas) Trading in tight five handle range looking for direction.
4. News: – 📰 (ADP Employment Report at 8:15, GDP at 8:30, Pending Home Sales Index at 10:00, EIA Petroleum Status Report at 10:30, FOMC Announcement at 2:00, Fed Chair Press Conference at 2:30. All time EST)
5. Cycle Bias: 🏛️ 🐂 💲 Looking good, Louis! Trading at all-time highs. Perhaps the last two days have found wholesale. Weak hands gave it over to strong. The 2:00 Scared Roach dance might show us the way.
6. Honing (turns): Spill down, AM HIGH, (NO MID AM), lunch low, mid pm high, LAST LOW.
7. Previous Day's Numbers:
┌──────────────────────────── Session Summary ───────────────────────────┐
│ Weekly High 6431.00 Weekly Low 6318.75 │
│ Weekly Settle 6425.00 Final Settle 6403.75 (-21.25) │
│ Open 6436.75 Candle Body -33.00 Bearish │
│ High (09:31) 6440.00 Upper Wick 3.25 │
│ Low (15:41) 6396.25 Lower Wick 7.50 │
│ Session Range 43.75 Midpoint 6418.13 │
│ Volume 965,768 contracts Weekly Δ -27.25 │
└────────────────────────────────────────────────────────────────────────┘
8. 🧭 Floor Trader Pivots: Weekly Pivot (6356.00)
🔺 Bull Zone
– R2 (6448.75)
– R1 (6426.25)
⚖️ Decision Zone – Pivot (6411.50)
🔻 Bear Zone
– S1 (6389.00)
– S2 (6374.25)
Dates: 📅 August 9 Sturgeon Moon 3:55 a.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
### 🧠 Your Three-Lens Wyckoff View
#### **1. What HAS the market done?** (The Past 📚)
This reveals the **setup** for the Composite Man’s campaign.
– Was there a **climactic move** or **stopping action**? (Phase A)
– Are we coming off a **shakeout/spring** or **upthrust**? (Phase C)
– Has price built a **cause** over time? (Phase B)
Use this to identify the **current phase** and where smart money might already be positioned.
#### **2. What IS the market doing?** (The Present 🔍)
This is the heartbeat of today’s price action.
– How is price **reacting to key levels** or volume surges?
– Are buyers or sellers showing **control in real time**?
– Is volume **confirming** or **contradicting** price movement?
This tells you what role you’re meant to play right now: **observer**, **participant**, or **predator**.
#### **3. What is the market’s NEXT probable move?** (The Future 🧭)
This is the payoff—your anticipated edge.
– If we’re in Phase C (spring/upthrust), anticipate Phase D (markup/markdown).
– If we’re in Phase B, look for **tests**, traps, or fake moves that signal readiness.
– Use **Effort vs. Result**, structural analysis, and volume clues to forecast.
What is the markets next probable move?
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