Daily Market Analysis
2026-08-20
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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| 09:45:36 Pete |
I am looking on the short side. A wimpy bounce is what I want. I feel that with bonds reversing yesterday's gains it would be easy for the market to take out the low for the week. This is a... |
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| 09:47:35 Pete |
Short /NQ $29400. Looking for follow thru selling below 50-day MA on QQQ |
| 09:55:24 Pete |
Wimpy bounce, quick reversal, new lod. Very choppy price action, but QQQ testing the 50-day again and not bouncing off of it. |
| 10:10:37 Pete |
Market very undecided here. No reason to load up. Seeing lots of shorts and direction still uncertain. Good time to watch. |
| 10:13:09 Pete |
This feels like a downward sloping trading channel forming, but if support at the lod holds, we could fly off of it. That is also the 50-day MA on QQQ so it is best to see how this plays out.... |
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