Daily Market Analysis
2023-01-30
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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| 09:38:24 Pete |
Is the open the lod? So far, yes. Now we need more green candles. Still way too early to tell. |
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| 09:48:36 Pete |
Now we know to favor the long side. This gap is likely to fill. |
| 09:52:13 Pete |
Does this mean I have to be super aggressive with my buys? Pete said the gap will fill. No, there is retracement and a red candle in the first 15 min. Not a super strong move, but an upward bias. |
| 09:59:39 Pete |
Now that red candle we just saw serves as a reminder that we are not going straight up and filling the gap. Like I said, no need to be aggressive, know that the bid is decent. Pick your points. This... |
| 10:01:10 Pete |
Those of you who are just returning with your fresh cup of coffee - well done. Now you have something to look at. |
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