Daily Market Analysis
2024-11-18
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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| 09:51:45 Pete |
Weak market Fri, some overseas selling, 1OP could be ready for bear cross. No reason to buy as far as I'm concerned |
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| 09:53:24 Pete |
If the market can get through the first hour without testing the low from Fri, the bid will start to strengthen and we could see a small tenuous bounce. Buyers are not going to be very aggressive after that beating... |
| 09:55:27 Pete |
In order to consider shorts, you would need a sharp early smack down below the low from Fri with nice long reds. I don't see that as very likely either. Just a stubborn probe lower. I would prefer to start... |
| 10:26:25 Pete |
AVWAP anchored at triple witching for SPY. @WhiteTiger: Question What is the AVWAPQ value? View |
| 11:09:09 Pete |
Very hard to get excited about this grind higher after the big drop Fri. The move has been steady in this respect. We get a long green candle. Sellers will try to smack those down, but they are not able... |
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