Daily Market Analysis
2024-05-13
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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| 10:11:40 Pete |
That is a good summary. @Jelle: Question My current conviction thanks to Pete/people here: Market breaches ATH: swing long add. Market test 50MA but recovers: BPS/PCS (good prices) and swing long add. Market hangs around (buyer/sell... View |
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| 10:37:07 Pete |
1OP is still in a bearish cycle and there is no hurry to take a trade. It is telling you to wait and so far it has kept you from making a mistake on the long side. |
| 13:21:09 Pete |
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| 13:24:49 Pete |
We are "inside" of the prior day's range so that should immediately put you in a passive mode. The volume has been light so that pushes you even farther into that mode. |
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