Daily Market Analysis
2023-01-27
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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| 09:30:03 Pete |
PRE-OPEN MARKET COMMENTS FRIDAY – The price action has been bullish so far this year and we are just above the downward sloping trendline from a year ago. Wednesday the market recovered from a nasty gap lower and buyers are... |
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| 09:51:43 Pete |
I suspected they would gobble up that lower open. This is bullish! |
| 10:00:21 Pete |
We don't want to giveback these green candles. If we start to see long red candles off of the hod it is a sign that we will chop around and struggle to get thru resistance today. If we keep building... |
| 10:03:16 Pete |
They will try to spank this rally down. If they fail, they will know the bid is strong and then they will start to buy aggressively. |
| 10:03:54 Pete |
The long tail on this candle is bullish. The first attempt was met by buyers. |
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