Daily Market Analysis
2024-01-03
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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| 09:32:08 Pete |
PRE-OPEN MARKET COMMENTS WEDNESDAY – The market was not able to challenge the all-time high last week and that is a small sign of resistance. Year-end window dressing ran its course and we no longer have that support. We saw... |
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| 09:32:19 Pete |
Good morning! |
| 09:49:38 Pete |
1OP is spiking and a bearish cross is coming. The market dropped below the lod for Tues. News pending in 10 min. This is a time to watch. I would not consider buying unless I see a bunch of nice... |
| 10:51:56 Pete |
The 1OP bearish cycle is still running and the dotted line is still falling. We need it to flatten out and then get a bullish cross. While we were waiting for that to set up we saw the market drop... |
| 10:55:22 Pete |
Buyers need to see firm signs of support before they stick their necks out. A nice low with a bullish hammer or a bullish engulf would be a start. A higher low double bottom from there would also give them... |
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