Daily Market Analysis
2024-04-03
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.
| 09:44:01 Pete |
This bullish 1OP cycle still has some time left. I would love to see us get into the gap from Tues before it ends. That would get me pretty bullish today. We would still have to wait thru the bear... |
|---|---|
| 09:51:10 Pete |
ISM serv in 10 min. Number should be good. 52.8 is expected. let's say the number comes out > 53. That is "bad" for a Fed rate cut. If the initial reaction does not spark selling, it will tell me... |
| 09:52:04 Pete |
I hope you follow this logic. You always have to look for "tells". |
| 09:52:44 Pete |
TLT is weak today so that will keep a lid on any rally. |
| 09:56:23 Pete |
"Pete if bonds go down will the market drop?" A real trader would not have to ask that question. They would conduct some research and figure it out themselves. I point this out in the article I posted this morning.... |
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