Daily Market Analysis
2023-09-07
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
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| 09:30:26 Pete |
PRE-OPEN MARKET COMMENTS THURSDAY – You can interpret the headlines anyway you want. Good news is bad news or bad news is good news. The fact remains that buyers and sellers are engaged and we are seeing two-side price action.... |
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| 09:33:42 Pete |
Good morning! |
| 09:44:56 Pete |
This is not really a wimpy bounce. Yes there is overlap in the candles, but they are all green and the volume is heavy on this bounce. Let it run and watch for compressing candles before taking shorts. |
| 09:46:09 Pete |
We want to see a bearish hammer or a bearish engulfing candle off of the hod and 1OP has not crossed. |
| 09:47:45 Pete |
We are at the low from Wed so this is first resistance. |
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