Daily Market Analysis
2024-03-15
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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| 09:47:41 Pete |
We have a gap down and a bearish cross pending. Let's see what happens here. What I would like to see as a buyer is a benign bearish cycle with signs of support. That would be a sign that buyers... |
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| 09:49:24 Pete |
From a bearish day trading standpoint (pros only), I would want to see a wimpy attempt to get into the gap that gets "Will Smithed". That would tell me we are going lower and I would have a bearish cycle... |
| 11:02:04 Pete |
This was a wimpy attempt at a rally. Yes, we did move higher during the first half of a bear cycle, but the second half could still produce. I would not be buying here. |
| 11:03:13 Pete |
If we get thru the second half of it with a higher low double bottom, I would be more interested. This rally above VWAP and into the gap smells like a trap to me. |
| 11:04:12 Pete |
What makes me think that? The price action during the bounce was wimpy with overlapping candles. Nothing strong about it. |
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