Daily Market Analysis
2024-01-17
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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| 09:33:04 Pete |
PRE-OPEN MARKET COMMENTS WEDNESDAY – The market is struggling to breakout above the high from 2023 and the headlines have been negative. We are in a news vacuum and all of the smaller issues that have been in play for... |
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| 10:20:52 Pete |
So we gapped down and the market found support. Mixed overlapping candles and a bullish 1OP cross. We had some selling pressure yesterday and overnight markets were down a fair margin. There is no reason to think that this is... |
| 10:28:15 Pete |
What's changed technically on a D1 basis? Nothing. The market is compressing near the all time high after a massive year end rally. "Oh no, this is a double top and we were not able to get through the all-time... |
| 15:09:20 Pete |
I would like to see XLF hold this $37 level this week. Banks are dominating the earnings this week and after a monster run the last 10 weeks, I want to see those gains hold. That will be a sign... |
| 15:55:26 Pete |
Just need a little pop to close above AVWAPQ. I would like to see that. |
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