Daily Market Analysis
2024-09-06
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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| 09:42:45 Pete |
Easy fall right back through 50-day MA. We need to hold this level. Not looking great, but let's see. |
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| 09:56:38 Pete |
I would favor the short side here. 1. We are back below the 50-day MA and the early bounce was smacked down. 2. VXX is rising. 3. We have a bearish 1OP cross M5. 4. We are still on an... |
| 10:08:09 Pete |
This sure feels like we are going to leak lower. Next support is AVWAPQ |
| 10:09:25 Pete |
QQQ finding resistance at 100-day MA and it has room down to 200-day MA. |
| 10:21:51 Pete |
GOOG weak. Took out the 200-day MA and L+ |
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