Daily Market Analysis
2024-01-26
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
Click to expand content and reposition slider.
| 09:39:26 Pete |
We are close to overhead resistance from Wed/Thurs and we have a 1OP spike. There is not a big gap higher so we do not have the threat of a gap reversal. Ideally, we blow thru the high from Wed... |
|---|---|
| 09:40:56 Pete |
NEW ARTICLE: WHERE TO PLACE STOPS! |
| 09:52:05 Pete |
SPY did not get thru resistance on the first shot, we have some red candles and a new lod with a 1OP bearish cross pending. We do not buy here. |
| 10:19:58 Pete |
QQQ gap down and leaking oil. SPY making lower highs and bearish 1OP cross. No need to get long. NFLX has been posted. That is a nice bullish stock when the market finds support. |
| 10:21:54 Pete |
VXX is not climbing so no signs that this drop is going to worsen. TLT down, but not much. This just feels like tech profit taking. Let's let some of this bear cycle run and see what happnes. |
Limited Access Only
Become a OneOption member to view all Daily Market Comments. Please visit our Start Here page to learn more about our system and how to become a member via our Free Trial.
Start Free Trial