Daily Market Analysis
2024-03-08
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.
| 10:40:25 Pete |
I am back. Small push higher and we have a bearish 1OP cross and we are pulling back to VWAP. No need to rush into trades. You did not miss anything by waiting. |
|---|---|
| 10:56:30 Pete |
Tight and steep channel. I am not giving it much weight. It is only a way to help me identify where we might start looking for a buying climax and the level we would need to reach to see one.... |
| 10:58:47 Pete |
SPY dip is shallow and we are finding support above VWAP. 1OP bear cycle has not produced and I would be ready to take small starter longs here. We get thru the rest of the cycle with no damage, I... |
| 11:02:48 Pete |
We are below VWAP so we keep waiting. |
| 11:11:08 Pete |
Look at the D1 candles for NVDA and AMD. If they finish week, that will be a sign of resistance. You can see the long red M5 candles. does this mean they are a good short here. @#$% NO! |
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