Daily Market Analysis
2024-05-10
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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| 09:34:23 Pete |
PRE-OPEN MARKET COMMENTS FRIDAY - We got a warning on April 4th and the market served up a giant bearish engulfing candle on heavy volume. We expected volatility so we took gains on longer-term swing longs and we went to... |
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| 09:53:21 Pete |
1OP is cresting and we have a gap up. Wait to see if the bearish cycle produces. If we easily take out the lod, some of the gap will fill. If the bid remains strong and we get thru the... |
| 10:03:04 Pete |
I have a number of futures traders who are on the free trial. Welcome! This system starts with the market. We use 1OP for the SPY on an M5 basis to gauge the market and to help us with entry... |
| 10:32:44 Pete |
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| 10:51:20 Pete |
The market has moved well inside of the gap and this bearish cycle has more time left before it completes. The move down had lots of retracement back into the previous candle. That is a stubborn move lower. We did... |
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