Daily Market Analysis
2023-04-11
Review our intraday commentary to learn how we interpret price action and build a market narrative.
Drag the blue slider to reveal the day's price action. Dots on the timeline represent comments and can be clicked. View the table below for all market-related comments and annotated charts (including those from after hours).
Abbreviated Comments View all
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| 09:47:36 Pete |
The gap up was spanked down. Let's see if they can keep the pressure on. If the close from yesterday holds during the remainder of this bearish cycle, we might have a nice bullish cross and a good cycle. I... |
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| 09:49:34 Pete |
During these light volume days with a flat open, there is plenty of jousting. Both sides are gauging each other. That typically results in a half-hearted move early. If it is wimpy, we can watch for a reversal and that... |
| 09:51:27 Pete |
FLAT OPENS AND INSIDE DAYS |
| 10:09:45 Pete |
The bearish cycle is completing. Watch for support and don't be early. What would novice traders do? They would take comfort seeing this gap fill. They will bite on the first sign of support. That is not a crowd you... |
| 10:10:54 Pete |
I am not saying that this won't be a good entry for longs. Be patient. Let's get more confirmation of support. |
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