Daily Market Analysis
2024-04-09
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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| 09:49:47 Pete |
The market tested the high from Fri/Mon on the gap up. Now it is into the gap. Not a lot of direction either way. Expect a day similar to what we saw yesterday. |
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| 10:29:40 Pete |
Watching NVDA drop. When the leaders show weakness it is note worthy. |
| 10:30:38 Pete |
We still have a bearish 1OP cycle and we are testing the low from Mon. |
| 10:43:09 Pete |
It might not be on heavy volume, but these are some long and stacked red candles. |
| 10:44:58 Pete |
The volume is increasing on the drop so this is another sign of selling pressure. These clues are cumulative and we are gathering information to see which way we go. We will also be watching to see how aggressively these... |
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