Daily Market Analysis
2023-02-28
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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| 10:10:43 Pete |
1OP is spiking so I would lean short side here. I will look for shorts. |
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| 10:23:44 Pete |
FYI Consumer Confidence and Chi PMI both light, but they did not move the market. |
| 10:28:48 Pete |
Not a great start for day trading. Mixed overlapping candles with wicks and tails. No direction and compressed action. Keep your activity light until we have some movement |
| 10:30:50 Pete |
Sellers were able to drive the market down yesterday so i would lean on the short side with this bearish 1OP cross. If you have a really compelling short, you can give it a try, just keep it small. |
| 11:31:32 Pete |
Careful not to chase on a day like this. You are buying the hod and you need to wait for dips. If you don't get one, let it go. Set alerts below the current price so that you know when... |
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