Daily Market Analysis
2024-07-30
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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| 09:58:45 Pete |
Some of the stronger M5 patterns I am seeing today are "bouncers". These stocks have been punished. Don't chase and don't swing them. There could be some good day trading opportunities in them. Holding overnight is dangerous on these stocks... |
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| 12:59:11 Pete |
I consider this to be a significant trendline for SPY D1 |
| 15:09:20 Pete |
Nice big intraday ranges with good directional movement. This is a great time to just stick to day trading and this should continue for at least a week |
| 15:15:45 Pete |
I like MCD. Post earnings rally and moving against the SPY. It has broken above horiz resist and it is above the 100-day MA. Steady price action today. |
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