Daily Market Analysis
2024-03-11
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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| 09:34:34 Pete |
PRE-OPEN MARKET COMMENTS MONDAY - I don't have anything new to add from the video yesterday. It had complete market analysis and you should try to watch those. I believe we are going to see some follow through selling the... |
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| 10:41:02 Pete |
We had a little drift lower. Volume was not very heavy. Some mixed candles here and a bullish 1OP cross. We are testing VWAP. I would not be overly frightened by the drop so far. No reason to rush buying.... |
| 10:46:28 Pete |
It is always important to know what you expect to see and what you want to see. That is part of game planning and forming a thesis. You are not reactive, you are proactive. You are planning for those outcomes... |
| 11:15:46 Pete |
We have a bearish cycle. This is where I would like to see a higher low. If we get that (and I am expecting it) I would feel comfortable buying. |
| 11:53:59 Pete |
The downside market risk is low here. The 1OP bear cycle passed without any damage and we have a higher low. SPY > VWAP. Buyers have supported the market for 2+ hours and the chances of a new lod are... |
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