Daily Market Analysis
2024-01-09
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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| 09:30:22 Pete |
PRE-OPEN MARKET COMMENTS TUESDAY – Yesterday buyers returned. The market opened on its low of the day and it closed on its high of the day. A giant green candle formed and it almost erased all of the losses from... |
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| 09:30:31 Pete |
Good morning! |
| 10:15:28 Pete |
1OP crossed back up and we are in the gap. I view this as bullish. After the rally we had yesterday, I would be fine taking longs here. |
| 10:15:41 Pete |
Gap down in an up trending market is our best set up. |
| 10:30:23 Pete |
During this bearish cycle we want to preserve the VWAP. That would be a higher low and the bid check would be complete. Then I would expect us to start filling in more of the gap. No need to exit... |
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