Daily Market Analysis
2024-04-26
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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| 09:33:56 Pete |
PRE-OPEN MARKET COMMENTS FRIDAY - This is a big news week and there are plenty of market drivers. Mega cap tech earnings are being released along with major economic releases. This will continue next week as well. Wednesday after the close,... |
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| 10:28:15 Pete |
Tiny compressed candles on the way up. Bearish 1OP cross. Gap up. I would be careful here with longs. If we can get thru this bearish cycle without much (if any) damage we can get long. |
| 11:03:24 Pete |
I like this breakout and I would feel comfortable getting long. 1OP bear cycle did not produce and we have a new hod |
| 11:10:28 Pete |
We need follow thru to this breakout. Light volume day. |
| 12:17:14 Pete |
I do like the SPY D1 chart. I don't love it, but I do like it for this bounce to continue. We found support above the 100-day MA. We tested the bid yesterday and the market finished on the high... |
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