Daily Market Analysis
2024-08-21
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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| 09:31:30 Pete |
PRE-OPEN MARKET COMMENTS WEDNESDAY - After a 10% drop the market has quickly recovered and it is within striking distance of the all-time high. Conditions have been volatile during the last month and traders will wait to see if Powell... |
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| 09:51:03 Pete |
Each day we get one step closer to releasing the new version. We are very close. Beta testers please update this morning and test the signals. I am going to spend the day writing an article on the trade signals... |
| 09:56:59 Pete |
Once we release the new version I am going to do a live event that is completely dedicated to the trade signals. They should speak for themselves so I will just be taking symbol requests from attendees. Post the symbol... |
| 10:02:45 Pete |
"Pete there is a bearish hammer off of the hod, should I short now?" No. "Why not? We are near the prior day's high and D1 resistance. We also have a bearish 1OP cross." The candle has not even completed... |
| 10:16:20 Pete |
Now you have the confirmation you would need to short. I still would not be piling in, I would be offering much higher on the notion that the market is choppy and that we are going to see mixed long... |
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