Daily Market Analysis
2023-10-24
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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| 09:52:28 Pete |
Nice first candle and then immediate check of the 200-day MA. This support level needs to hold and we will soon have a bullish 1OP cross. |
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| 09:53:02 Pete |
If the market continues to probe and if we take out the 200-day MA it is a sign that buyers are not that aggressive and that the bid check will take longer to run. |
| 09:53:22 Pete |
If we bounce off of it and run higher, it will be a sign that buyers are in control |
| 09:57:58 Pete |
I like this bid check and bounce. Look for follow thru on this bullish cross |
| 10:14:44 Pete |
During the completion of the bearish cycle this gap up has been challenged. Test the bid, test the bid, test the bid. Programs are seeing what is there and how quickly the bids are replenished. This will help them gauge... |
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