Daily Market Analysis
2024-05-20
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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| 09:30:34 Pete |
For more detailed market analysis, watch the video I posted yesterday. |
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| 10:20:44 Pete |
Nice pop to start the week off, but we do not have to chase!! 1OP is cresting and we are not expecting a gang buster day. This is a pre-holiday week and the volume will be light. I like the... |
| 12:27:45 Pete |
This has been one very long bearish 1OP cycle. The SPY shot higher out of a cannon and we have been compressing since. The market has been able to hold the gains pretty well. Very dull trading. I would wait... |
| 12:28:38 Pete |
I hope I am wrong about this being a dull week. |
| 12:29:43 Pete |
Yes and FOMC min just before that. Wed overnight needs to spark movement. |
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