Daily Market Analysis
2022-08-31
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 |
PRE-OPEN MARKET COMMENTS WEDNESDAY – Yesterday we were looking for a gap reversal on the open and we nailed it. The heavy selling from last Friday returned and Asset Managers are in “risk off” mode after extremely hawkish comments from... |
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| 09:31:37 Pete |
This is a pre-holiday "inside day" on light volume after a big move and ahead of a major economic release. |
| 09:34:18 Pete |
I gave you two decent set-ups to watch for. We don't know which one we will get so pay attention. I am going to watch for the first hour and comment. It has been really hard to motivate myself to... |
| 09:37:33 Pete |
We want this bid check to be a whimper. Let the shorts come in and watch for a pop. 1OP could already be crossing |
| 09:40:00 Pete |
No need to rush. Watch for tails under body. We need to get thru the mid point of the red candle and hold that. |
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