Daily Market Analysis

2024-12-19

Mark As Read
Mark As Read

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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12:26:25
Pete
Dull day after a big move. We might not see much. It does feel like we are going to probe for support. I feel like risk is to the upside (risk of a big bounce is high) so I would...
12:37:53
Pete
I mentioned during the event that I wanted to see that excitement earlier than we got it. In the first 30-45 minutes would have been ideal. That would tell me that they couldn't wait to buy the dip from Wed....
12:40:51
Pete
This is a steady drip lower with lower highs and we've spent the majority of the day below VWAP. That is a sign that sellers are in control. Not overwhelmingly, but buyers are not very interested to this point in...
13:00:12
Pete
Right now if you were looking to enter a short, this green candle might set up a "tell". You want it to instantly (next bar) get hammered down and you want a nice red candle to a new lod. If...
13:03:43
Pete
There you go!
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