Daily Market Analysis
2024-04-01
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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| 09:48:05 Pete |
I would like the SPY to stay nice and tight to the hod as this bearish 1OP cycle completes. That would give us a fresh cycle to get thru the high from Thurs. Not expecting much today, but that would... |
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| 10:09:16 Pete |
So we got a little drop on the ISM Man number. Nothing dramatic. Just one more reason to be patient today. We want to recover that red candle quickly and stay near the hod as this bear cycle completes. That... |
| 10:45:08 Pete |
Not surprising that we did not take out the high from Thurs. This is not the move we were looking for as that bearish cycle completed. We took out the lod from Thurs. Mixed candles with overlap so not a... |
| 11:50:38 Pete |
The selling pressure has been steady and the volume is good. I would not be looking for a bounce any time soon. We don't know if this is going to turn into a bearish div. There have been a series... |
| 11:51:39 Pete |
We are on the same page. @spectre: today's one of those days where there are lots of great looking longs that are tempting, but we have a market that's dripping lower intraday. Doesn't mean you can't go long (i.e. energy... |
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