Daily Market Analysis
2023-03-08
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).
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| 09:30:00 Pete |
Day traders should favor the downside. If we see stacked red candles on heavy volume after Powell starts speaking, you can be fairly aggressive with your shorts. This would push us well below the 50-day MA. I am not expecting... |
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| 09:30:19 Pete |
Good morning! |
| 09:36:09 Pete |
An early bounce with mixed wimpy overlapping candles is what we would prefer. At some point, sellers are going to return. I suggest finding some good shorts and waiting for Powell. That bounce will set up a good short and... |
| 10:27:11 Pete |
1OP bullish cross. Bullish hammer off of lod. Powell's opening remarks "shouldered". Bounce back into the prior day's range. Volume fairly low and "Inside Day" setting up. You should all know what this means with regards to your day trades. |
| 10:51:45 Pete |
If a breakdown is going to happen today, this is where we want to see sellers attack the lod. Wimpy bounce, 1OP bear cross pending. I hope they are able to take out the lod on heavy volume because this... |
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