Daily Market Analysis
2023-08-14
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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| 10:15:35 Pete |
Volume low. Stacking some green, but overlap. We do have a bullish 1OP cross and a nice trough. I would want to see a nice breakout above the high from Fri on this cycle. We may not get it, but... |
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| 10:34:21 Pete |
We've seen a nice chunk of this bullish 1OP cycle without much progress. We need to test the hod now. volume still light |
| 11:04:44 Pete |
We poked thru the hod from Fri and that was nice. Volume light and now we will see if we can hold the breakout. 1OP bearish cross. I suspect that we could fall back in the range. I just did... |
| 11:06:35 Pete |
If you have nice day trading shorts in your sights, you will have a chance to trade them here. |
| 11:10:46 Pete |
My thought is that we have one more choppy day here that confirms support at the AVWAPQ for SPY. Then we try to bounce. That bounce will tell us a lot about how aggressive/passive buyers are. |
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