Daily Market Analysis
2024-10-31
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
Click to expand content and reposition slider.
| 09:30:21 Pete |
PRE-OPEN MARKET COMMENTS HALLOWEEN - If Trump wins, his tariffs are going to ignite inflation. Interest rates will spike and consumption will tank. If Kamala Harris wins, World War III will breakout because our enemies know she is a weak... |
|---|---|
| 09:30:35 Pete |
Swing traders who are losing money on longs will convince themselves that they were wrong and that this overnight drop is a sign of things to come. They will take losses on their longs and they will buy puts. They've... |
| 10:07:33 Pete |
SPY < AVWAPQ. 1OP bullish cycle completes without any bounce (market down). Now we have a bearish 1OP cycle. There is no reason to even remotely consider getting long here. |
| 10:11:00 Pete |
This feels like a bearish trend day setting up and I would treat is as such. VXX is up. If SPY holds this level during the bearish cycle, we are still far from considering longs. First of all, VXX would... |
| 10:12:16 Pete |
Mega cap tech stocks are down so QQQ is weak. |
Limited Access Only
Become a OneOption member to view all Daily Market Comments. Please visit our Start Here page to learn more about our system and how to become a member via our Free Trial.
Start Free Trial