Daily Market Analysis
2022-08-03
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).
All Comments
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| 09:30:00 Pete | PRE-OPEN MARKET COMMENTS WEDNESDAY – My comments are largely unchanged, but I did add a section about trading dull markets. I liked the price action last week and it suggests that the low of the year will hold. That does... |
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| 09:37:00 Pete | Heads up. ISM serve in 20 min. |
| 09:51:00 Pete | I don't know how closely you follow the B/S arrows, but I made some improvements to the signals a month ago. Zoom out and take a look. They are @#$% good. They are designed to keep you in the position... |
| 10:09:00 Pete | ISM serv was much better than expected. 56 vs 52 |
| 10:16:00 Pete | I don't feel the excitement or pace to make me want to jump in here. the candles are tiny and 1OP is on a bear cross. I do believe that any dip will set up a good buy |
| 10:31:00 Pete | I sensed that we were not just going to drift higher, now I know it is going to be choppy. This is going to be a relatively dull day so keep it light and reduce your trade count. You will... |
| 11:45:00 Pete | All good on this breakout. Just need follow thru and no red candles that bite into that green breakout bar in next 10 min. This is not a strong trend so use caution today. Lots of mixed candles with overlap. |
| 13:18:00 Pete | This has been a really nice steady market grind. fish in a barrel |
| 16:03:05 Pete |
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