Daily Market Analysis
2024-03-18
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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| 09:31:32 Pete |
PRE-OPEN MARKET COMMENTS MONDAY – This morning the market is going to erase the losses from Friday. It was a triple witch. Could the selling have been related?The market is still bullish, but the price action is starting to soften.... |
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| 10:43:56 Pete |
I'm pretty indifferent about the price action here. The gap held and that's nice. the market has been able to grind a little higher and that also shows interest on the part of buyers. If we make a new high... |
| 11:18:41 Pete |
We did not get the long green candle to a new hod so it was best to wait for some of this bearish cycle to play out. Now we are pulling back from the high. That was not an impressive... |
| 11:20:58 Pete |
If we hug the hod and we get thru the bearish cycle, OK. then I would feel pretty confident that the market has been able to hold the gap up and I can get long. Unfortunately, if this plays out,... |
| 11:49:37 Pete |
The swing decisions you make today are going be exposed to big news in two days. You need to plan ahead. If you are aware of the risk, no problem. |
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