Daily Market Analysis
2024-04-30
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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| 09:46:46 Pete |
I won't be in the room much today. I crawled into the 1OP "rabbit hole" and I am exploring some ideas. Quite exciting. |
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| 10:33:27 Pete |
This bearish cross is producing. I would favor the short side until the cycle ends. |
| 11:24:48 Pete |
I had a suspicion this bearish cycle was going to produce. I would not be in a hurry to trade the long side. |
| 12:13:26 Pete |
I like this bullish 1OP cross. This was a resistance level from last week that we broke thru last Fri. We tested it and we are finding support. |
| 13:29:40 Pete |
These long red solos are not as threatening as sustained smaller red candles. They can be reversed. That said, the price action is weak today and the volume is good. The Fed had better bring the punchbowl to the party... |
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