Daily Market Analysis
2024-09-10
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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| 09:33:47 Pete |
PRE-OPEN MARKET COMMENTS TUESDAY - Yesterday the market bounced after a heavy day of selling and it is up this morning. The SPY is within striking distance of the 50-day MA and it is likely to be tested this morning.... |
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| 09:36:10 Pete |
LULU alert triggered |
| 10:05:50 Pete |
Autos weak (CVNA, GM). Basic mat weak |
| 10:27:51 Pete |
Pretty sloppy price action. Yes, we did test the downside first and shorts had the highest odds of producing the best profits. However, one long red candle is not much to lean on. No follow thru. The price action is... |
| 10:32:17 Pete |
The last 4 M5 candles on SPY characterize the price action in the last month. Big move down, sit. Big bounce. Repeat. |
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