Daily Market Analysis
2023-07-07
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
Click to expand content and reposition slider.
| 09:30:16 Pete |
PRE-OPEN MARKET COMMENTS FRIDAY – Traders are trying to latch onto any news they can find and we’ve had plenty of economic releases. The underlying goal of central banks is to slow economic growth to the point where inflation subsides... |
|---|---|
| 09:30:54 Pete |
Good morning! We need some volume!!! |
| 09:54:10 Pete |
Right now our best case scenario for movement is a breakout into the gap from Thurs as this bullish cycle completes. |
| 09:55:49 Pete |
We need to get out of the prior day's range. This light volume stinks. |
| 09:57:19 Pete |
If the high from Thurs sticks and we pullback into the range on the bearish cycle, we could be in for a dead day. Best way to avoid that is to keep floating higher. |
Limited Access Only
Become a OneOption member to view all Daily Market Comments. Please visit our Start Here page to learn more about our system and how to become a member via our Free Trial.
Start Free Trial