Daily Market Analysis
2023-10-25
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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| 09:45:18 Pete |
Stacked red candles below the low from Tues. This was also the close from Mon so it is a minor support level. Volume decent and 1OP in a bear cross. If we drop from here we are likely to keep... |
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| 09:48:05 Pete |
I am still long /ES and I have no issue with this drop. It is the first leg of a swing position and depending on what I see in the next week I will add. I will not be adding... |
| 09:50:23 Pete |
These drops are exactly what I will be watching. It is the instant reversal from something that looks this threatening that I feel we need. It has to happen early in the day. |
| 09:51:45 Pete |
The gap down reversal Mon did not do the trick. The bounce had mixed candles and the volume never picked up. Later in the day, sellers returned. |
| 10:07:57 Pete |
Until we see some stacked green candles on heavy volume, favor the short side. Any threat of a massive reversal will happen in the first 60 minutes typically. Once that window passes it becomes less and less likely and you... |
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