Daily Market Analysis

2025-01-02

Mark As Read
Mark As Read

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

Click to expand content and reposition slider.

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...
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...
Top