Daily Market Analysis
2022-08-04
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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| 09:30:00 Pete |
I don't have much to add in the way of market comments. Yesterday we had a light volume rally and I view that as more of a sellers boycott than anything else. Program driven. Those types of gains can easily... |
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| 10:12:00 Pete |
No rush. Market not going anywhere. Might as well see what if anything this 1OP bear cycle produces. Energy is a weak sector |
| 10:43:00 Pete |
With what I consider to have been a weak rally yesterday and with 1OP spiking early, best to just wait to see what the bearish cycle was going to produce. I am able to salvage part of the video. I... |
| 10:52:00 Pete |
We have a nice long green candle. Is it a solo? We'll see. If we hold the high and we don't retrace it in the next few bars, it will be legit and support will start to form. If it... |
| 10:58:00 Pete |
We have follow thru on the long green candle. You can start to scale into longs. |
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