Daily Market Analysis
2023-01-26
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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| 09:47:43 Pete |
QQQ just above High- 8/16 - 12/13 and just below 200-day MA. Watch the hod. If it can get through tech stocks will run. |
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| 09:50:01 Pete |
1OP is starting to cross, but no hurry here. I like to see the dashed line in the indicator flat to rising and right now it is still dropping. We are also in the gap. Be patient with longs. This... |
| 10:57:31 Pete |
Lower high double top off of High- resistance from Jan. 1OP bullish cycle produced a little, but not enough to get to hod. Bear cross below zero and we are going to fill the gap here. Long mixed candles so... |
| 12:07:09 Pete |
CLICK HERE TO WATCH TODAY'S VIDEO |
| 13:49:30 Pete |
Dave W wrote: SPY trying to break top of wedge Yes and notice how 1OP is tanking. That is a good sign for a move higher. This bearish cycle is benign and the next bullish cross could produce. |
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