Daily Market Analysis
2024-06-20
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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| 10:12:14 Pete |
This feels like a reversal coming. |
|---|---|
| 10:12:59 Pete |
The overnight gains were easily shed. They took one stab at that high and they could not get the market back up to that level. Now we are in the gap. |
| 10:36:50 Pete |
This is not the buying climax we were looking for. We did not want to see a bounce this soon. If this was a short term top we would still be stacking red. This looks like typical triple witch volatility |
| 14:41:21 Pete |
We got a nice bounce that stalled at VWAP. 1OP is spiking and we should have a bearish cross soon. I would wait to see what happens during the remainder of this bullish cycle. It feels like we should roll... |
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