Daily Market Analysis
2023-10-30
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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| 09:40:48 Pete |
https://www.youtube.com/watch?v=FzpyZl7N0eo |
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| 09:44:06 Pete |
The first few candles look good and the market has been able to add to the gap. That is mildly bullish, but the real test will come during the bearish cycle. |
| 10:04:53 Pete |
This is where a decent short should be setting up. We have compressed candles near the hod and a bearish 1OP cross pending. |
| 10:06:19 Pete |
The weakest stocks will have a market tailwind. Even if the market were to hold the gains, these stocks should still drift lower. If we get a gap reversal they will tank. Very good risk/reward profile for trying a few... |
| 10:16:27 Pete |
During this bearish cycle we want to drop right thru the opening price. Then we will fill in some of the gap. |
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