Daily Market Analysis
2024-12-20
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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| 09:33:18 Pete |
PRE-OPEN MARKET COMMENTS FRIDAY - It has been a nasty triple witch and the FOMC statement sparked some selling. Politicians aren't doing the market any favors and it looks like we are going to have a government shutdown. The market... |
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| 09:35:43 Pete |
Good morning! A wimpy bounce with mixed overlapping candles is our best set-up. We saw weakness Wed and we could not get off the deck Thurs. We are down this morning. That is a sign of selling pressure. We want... |
| 09:40:57 Pete |
This is a time to stalk. We are going to sit by the watering hole and see who stops by. |
| 09:42:53 Pete |
If we reverse that long green candle on this bar, that would be a bearish sign. |
| 09:46:07 Pete |
If we take out the lod in the next bar or two I will short. I will post it. If it takes longer than that... no trade. It has to happen fast because that is a sign of urgency. |
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