Daily Market Analysis
2024-01-18
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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| 09:30:31 Pete |
PRE-OPEN MARKET COMMENTS THURSDAY – The market is trying to work off some of the supply at the 2023 high. Traders who caught the year-end move at the beginning of November are happy to lock in some gains. That selling... |
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| 09:30:52 Pete |
Good morning! |
| 09:56:35 Pete |
Well we know that this is not going to be a Gap and Go pattern and we did not expect one. There has been selling pressure the last few days so we would expect the gap up to be challenged.... |
| 10:00:23 Pete |
So far each candle has retraced. I view that as pretty bullish. Still too early to tell. Use this time wisely. |
| 10:20:41 Pete |
I like how stubborn the market bid is. They have tried to fill to gap to no avail. This is a sign that there are buyers. We are finally getting the bear cycle. The more we see of it without... |
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