Issue 1,824 – Copyright, 2024, by Wyckoff AM Trader
Yesterday: Today is SERIES S1H with the spill odds down.
This is not the easiest day to nail. Perhaps we nailed it yesterday. Today will determine if we get the KEWPIE DOLL or not. WB said he can be wrong only twice. S1 and S2 day, everything else is in stone or iffy. The day started out at the lows and worked itself up to the highs.
What else would you want. It's the TRUMP TRADE. AI STARGATE….
Not a fan of what I heard. However, after four years . . . It's OUT OF MY HANDS.
I'm sure they will try to tear everything down and we'll probably go the way of the dragon.
Remember what I wrote in 2020. We got 2026/2027, 2033, and 2055 as major mile stones where reality changes drastically. Be looking up towards the sky.
And what I heard in that press conference combined with the LA events increases the odds and probabilities. It's times like this I really miss WB. Imagine what he would be talking about now.
Now, everyone seems to be piling on with Trump and starts to become a crowded trade…
PROSE and THE NUMBAHS
Good morning. Today is SERIES S2L IFFY with the spill up.
1. Last Night: As one might expect price drifted down. Took out the low of the previous day. And now in a gap and crap or gap and go mode.
2. Large Size: Some large size came in around the 01 down to the even to support a bid.
3. 7:00 AM / Premarket: Currently nothing to move the needle an hour away.
4. Todays News: Jobless Claims at 8:30, EIA Natural Gas Report at 10:30, 3-Month Bill Announcement & 6-Month Bill Announcement & 2-Yr FRN Note Announcement & 2-Yr Note Announcement & 5-Yr Note Announcement & 7-Yr Note Announcement & Kansas City Fed Manufacturing Index at 11:00, 4-Week Bill Auction & 8-Week Bill Auction at 11:30, EIA Petroleum Status Report at 12:00, 10-Yr TIPS Auction at 1:00, Fed Balance Sheet at 4:30. All times EST.
5. Cycle Bias / Tone: I'm still bullish. At least for now. I can't really see a reason the sky is falling. I'm going to double down on the Trump effect. My concern is that we hold the gains. Volume yesterday was light. Perhaps a slight pullback.
Trump is hot on the mike at 11:00 AM. It could get interesting.
6. Honing (turns): Spill up, AM LOW, (NO MID AM), lunch high, mid pm low, LAST HOUR HIGH
7. Previous Day's Numbers:
Open 6116.25
Hod 12:11 6135.75
Lod 09:31 6111.25
Settle 6118.75
Volume 969,520
8. Floor Trader Pivots
DAILY 6121.92
R2 6146.42
R1 6132.58
S1 6108.08
S2 6097.42
WEEK 5982.75
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: December 15 Cold Moon 4:02 a.m. Winter Equinox December 21 4:21 a.m. (all times Est)
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