Daily Market Analysis
2024-04-16
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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| 09:31:55 Pete |
Since April 4th (long red candle off of the all-time high) my message has been the same. Some of you have been paying attention, but I feel that most of you have not been. This is a time to keep... |
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| 09:32:53 Pete |
You will spread yourself out over too many short positions and then we will get this bounce that comes out of no where. You will take a beating on your shorts. |
| 09:33:27 Pete |
There are some good shorts and this is the first time we've seen decent ones in months. That is great for day trading. |
| 09:33:50 Pete |
WE ARE GOING TO GET A BOUNCE. |
| 09:34:49 Pete |
Let's see how far we drop. If it is not much farther, we won't be out over our skis with shorts. We will be ready to jump on longs. |
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