Daily Market Analysis
2024-04-25
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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| 09:52:35 Pete |
We have a deep 1OP trough. We want to see a compression at the lod and then a release into the gap on a bullish cross. The height and duration of the bounce will give us an idea of what... |
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| 09:52:53 Pete |
I would have been taking gains on banks right on the open. They all opened higher. |
| 10:09:32 Pete |
To put today's decline into perspective, /ES was down already because of the META reaction. From the release of GDP to the open, /ES dropped another 10 points. |
| 10:25:35 Pete |
Boy I hope you guys did not bite on that first drop. We had a 1OP bullish cross pending. There was no reason to trade a gap and go down with that cross. |
| 10:41:47 Pete |
1OP did not produce a great bounce. If buyers were excited to get long, we would have seen some nice long green candles into the gap. We were barely into the gap and then we got that red candle. Still... |
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