Daily Market Analysis
2024-10-16
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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| 10:04:24 Pete |
Market is flat and it is testing the low from Tues. Bearish 1OP cycle forming. We want to see the low from Tues preserved during the cycle. A nice little grind higher during it would also be good. Be patient... |
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| 10:14:29 Pete |
I like ABNB. > 100-day MA on good volume. Don't chase |
| 10:18:08 Pete |
i like LUNR. Possible D1 bull flag and thru H-. Bounce off of AVWAPE and held strong yesterday. M5 buy signal yesterday and > prior high. Volume OK today. |
| 10:46:12 Pete |
Little attempt to bounce was smacked down. That is why an early rally attempt was more dangerous to buy. Long mixed candles so no real direction. As the bear cycle completes, we want to see the market stay close to... |
| 10:49:36 Pete |
If you are a chat room only member, there have to be times when you are wondering, "What the hell is he looking at with all of these bullish and bearish 1OP cycles?" I've granted all of you access to... |
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