Daily Market Analysis
2023-07-27
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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| 09:36:31 Pete |
Good morning. This is a compression breakout. Be patient and be long. |
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| 09:51:14 Pete |
The greatest threat of a reversal is early in the day. If we get through the bearish 1OP cycle with minimal damage, the next bullish cycle will produce a new hod. The price action during this bearish cycle will tell... |
| 09:52:04 Pete |
I will not be around until later today. Trade well. |
| 15:28:10 Pete |
Very nice meeting Will. We had a great day on the water.The first bearish cycle today produced a pretty big pullback and it lasted more than two hours. The new lod after 3 hours was a back breaker. Steady selling... |
| 15:50:08 Pete |
This is a pretty considerable rejection off of a new 52-week high. I would respect it and I believe we will see follow thru. I noticed that many of you took gains on bullish swings near the open. Very smart |
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