Daily Market Analysis
2023-08-29
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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| 09:37:27 Pete |
We have a bullish 1OP cycle and we are right on the high from Mon. If we can breakout on the first attempt it would set us up with a possible bullish day. I am not counting on it, but... |
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| 09:48:54 Pete |
That is a nice breakout and the volume is decent. We know sellers have been present so let's make sure the breakout holds. I would focus on finding longs |
| 10:23:25 Pete |
This is a good breakout. We have follow thru |
| 10:43:15 Pete |
This was a nice run and a solid breakout. That red engulfing candle is a sign that this rally is getting tired and that there is selling pressure. Do you have to panic? No. If you are day trading, it... |
| 10:44:51 Pete |
Could we make a new hod right here? Sure. Just know for day trading the hour is getting late. Again, no panic. The price action to this point has been VERY bullish. Context, context, context |
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