Daily Market Analysis
2023-07-18
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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| 09:34:59 Pete |
My presence in the chat room will be very limited. I am still working on and testing the IB API. |
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| 12:58:04 Pete |
Double top lower high and a bearish 1OP cross. I would be taking gains on day trading longs here. The long green candle at the hod looked like a buying climax and it reversed quickly. |
| 13:40:55 Pete |
Market has been able to weather the bearish cycle and we are on the high of the day. Looks like a bullish div and I would be looking for a new high here. You can try day trading longs again.... |
| 14:34:31 Pete |
If you are day trading use LRSI < 80. If you are swing trading use LRSI < 80 on M15 or M30 depending on your intended duration. There are other indicators you can use as well like 1OSI. @TheAlgo: Question How... |
| 15:34:00 Pete |
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