Daily Market Analysis
2025-01-02
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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| 09:31:46 Pete |
PRE-OPEN MARKET COMMENTS THURSDAY - The first trading day of the year is going to start off with a bang and the futures are up. Be patient and make the first trade of the year a winner. Now you have... |
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| 09:35:52 Pete |
I view this first M5 candle of the year as a clear rejection of the overnight gap up. |
| 09:39:31 Pete |
If buyers were excited to load up on the first trading day of the year we would have seen the overnight gap up and a nice long green candle. Why would we expect that? Buyers could have loaded up Tuesday... |
| 09:46:37 Pete |
If the market can't recover the open of the second long red candle in the next few bars, we are going to test the low from Tues. |
| 09:50:32 Pete |
Post holiday hangover. We operate under the notion that this is going to be a dull inside day on light volume. The market needs to prove us wrong. It would do so by making a sustained directional move one way... |
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