Daily Market Analysis
2024-08-07
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
Click to expand content and reposition slider.
| 09:55:49 Pete |
Power back on. Beautiful 80 degree sunny day... go figure. |
|---|---|
| 09:56:07 Pete |
SPY is thru the 100-day MA. Trying to hold that level. |
| 10:03:33 Pete |
Tiny bodied candles on light volume. I would not trust this move higher. I need to see a dip and it needs to be gobbled up. Until then, I am watching. |
| 10:10:37 Pete |
From a long perspective, the 100-day MA is just below VWAP. We don't want to see that level breached with ease. If it is, we could see a gap reversal. If sellers can't knock the market down in the next... |
| 10:20:24 Pete |
This is where the rubber meets the road. Does the 100-day MA hold or fail? |
Limited Access Only
Become a OneOption member to view all Daily Market Comments. Please visit our Start Here page to learn more about our system and how to become a member via our Free Trial.
Start Free Trial