Daily Market Analysis
2023-04-26
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
Click to expand content and reposition slider.
| 09:30:26 Pete |
PRE-OPEN MARKET COMMENTS WEDNESDAY – Yesterday the market showed some signs of strain near major horizontal resistance. Big tech companies have accounted for most of the market gains this year and GOOG and MSFT reported after the close. Traders will... |
|---|---|
| 10:06:50 Pete |
Well... this is not what I wanted for the first set-up of the day. 1OP did not bounce much and the volume is @#$% light. The market did not bounce and I wanted some lift. There is minor support at... |
| 10:07:28 Pete |
I AM NOT LOOKING TO BUY, I AM SHOPPING TO SEE WHAT LOOKS GOOD. |
| 10:12:26 Pete |
Light volume and we are inside the prior day's range. What does that tell us? It tells us to be cautious. One nice little bounce and then we are well inside the prior range and prone to a low volume... |
| 10:22:33 Pete |
That was a nice little breakdown with some volume. We want the halfway point of that red candle to hold and we do not want to retrace into it. If this is true, it will show that sellers are fairly... |
Limited Access Only
Become a OneOption member to view all Daily Market Comments. Please visit our Start Here page to learn more about our system and how to become a member via our Free Trial.
Start Free Trial