Daily Market Analysis
2024-03-06
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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| 10:25:53 Pete |
Bears want half of the long red candle to be preserved. Then another leg lower. We still have the bear cycle running so I would not be taking longs yet. I would need to see us take out VWAP and... |
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| 10:42:19 Pete |
1OP blue line still heading lower. I still don't trust this bounce. |
| 10:43:36 Pete |
If we have a probe for support and then a bullish hammer or bullish engulf above lod I would feel more confident that buyers are interested. A nice long green candle to the hod would also get me there. |
| 10:55:09 Pete |
Market looks good here. Half of the gap held. We are above VWAP and challenging the hod. We have a full 1OP bullish cycle ahead of us. |
| 10:56:11 Pete |
Know that Powell is speaking. I am not expecting anything new. |
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