Daily Market Analysis
2025-01-17
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.
| 09:46:37 Pete |
The market is up and I am watching for resistance. Is SIG up? No. Good that is a sign that sellers are still engaged. If I get the market rejection in the next day or two that I am expecting,... |
|---|---|
| 09:51:05 Pete |
If get the market rejection, is SIG below the prior day's low? If yes, take a starter short. Is the market continuing lower? Yes. Is SIG moving lower? Yes. Add to the position. Are green candles instantly erased for both?... |
| 09:57:14 Pete |
If you read The System, I go through this exact process many times in the Trade Management section. You should never be wondering what you should do at any point in time. The market is either bullish, neutral or bearish.... |
| 10:00:49 Pete |
I like this move higher, but I would give it a 6 on a scale of 1-10. The gap up held and we are above the 50-day MA. The probe into the M5 gap resulted in a bullish hammer. So... |
| 10:04:09 Pete |
There goes FXI. There are still some "believers". It is above the 100-day and 50-day MA. Day trade those stocks, but I would not swing them. Swim at your own risk. |
Limited Access Only
Become a OneOption member to view all Daily Market Comments. Please visit our Start Here page to learn more about our system and how to become a member via our Free Trial.
Start Free Trial