Daily Market Analysis
2023-10-19
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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| 09:30:35 Pete |
PRE-OPEN MARKET COMMENTS THURSDAY – The market is wedged between the 200-day MA and the 100-day MA. Running through the middle of that range is AVWAPQ. The market had a choppy downward sloping M5 channel yesterday that looks similar to... |
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| 09:31:47 Pete |
Good morning! I will be around early to help you with the market price action. You know the first move we are looking for. Let's see if it sets up. The second move is the one I am not sure... |
| 10:39:42 Pete |
1OP bearish cycle and we are < prior low. I would favor the short side. We want to preserve the open of that red Key Bar. |
| 10:40:32 Pete |
I would also like to see half of it preserved and then follow thru to the downside. The action so far has been pretty choppy |
| 10:59:24 Pete |
This is a choppy move lower that is similar in nature to yesterday's trading channel. I drew that channel in a chart yesterday and I would use it as a guide. It is still intact. Unless we see a selling... |
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