Daily Market Analysis
2023-06-23
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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| 09:44:05 Pete |
I suggest waiting for this 1OP bearish cycle to run before buying. I feel that sellers will have more conviction today and buyers less than yesterday. |
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| 10:13:26 Pete |
What would novice traders be thinking right now? Yesterday the market opened lower and it bounced. We just entered the gap and this is the bounce. Buy, buy, buy. Always be careful following that crowd. You should be thinking that... |
| 10:26:29 Pete |
If you compare the bounce yesterday to the one today you can see how yesterday we recovered the gap in the first 30 min with some nice long green candles. That is not the case today. We are seeing overlapping... |
| 10:58:10 Pete |
1OP dotted line was still falling so we needed that to flatten out. In the meantime we had a few red bars. 1OP can easily cross back down so this is where you wait to see what happens at the... |
| 11:05:47 Pete |
I would feel more confident buying strong stocks at this stage. |
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