Daily Market Analysis
2023-08-01
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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| 09:30:24 Pete |
Could we see a few days of selling pressure? Sure. What would I like to see? Mixed overlapping candles and light volume. That will tell me that buyers are still engaged and that the selling pressure will not gain traction. |
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| 09:37:29 Pete |
All we've done is to give back the gains from the last 10 minutes of trading yesterday. Take a deep breath and relax. |
| 09:41:35 Pete |
CLICK HERE TO WATCH TODAY'S VIDEO |
| 09:48:28 Pete |
ISM man in 12 min. |
| 09:50:57 Pete |
If the market can't recover some of the move down, we have to expect that the next bearish cross will probably produce. If it does, it is not the end of the world, we will watch for stubborn price action... |
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