Daily Market Analysis
2024-03-21
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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| 09:30:13 Pete |
PRE-OPEN MAKRET COMMENTS THURSDAY – The market ran up and it compressed for a few weeks. Buyers and sellers were largely paired off and the market digested gains while it waited for the next catalyst. Yesterday’s FOMC statement produced a... |
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| 09:51:51 Pete |
We are staying nice calm and collected and we are looking for our candidates. We can see that a Gap and Go is not happening. We would have stacked a few greens by now. That is good. It gives us... |
| 09:53:32 Pete |
The Gap and Go's (up) where you can chase a little bit are on bearish trend reversals (D1). There you have plenty of upside. You don't want to chase this pattern at a new relative high... but you already know... |
| 09:59:47 Pete |
This is a time when you want to be fairly aggressive with longs. We have been waiting for this window. |
| 10:00:59 Pete |
You don't lunge. We keep our feet shoulder width apart and we stay in control. We take starter positions with the intent to add on confirmation. |
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