Daily Market Analysis
2024-12-19
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... |
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| 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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