Daily Market Analysis
2023-07-26
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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| 10:14:31 Pete |
Very light volume so far. Bulls want to see a rally that fills the gap on this bullish cross. |
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| 10:38:49 Pete |
Not much of a bounce during this bullish cycle and we could not even get back to the hod. On the lod now. This could be a sign that the next bearish cross could produce. If the bullish cycle had... |
| 10:39:55 Hariseldon |
This feels very "dead before the Fed" to me - with perhaps a slight Bearish tint to it |
| 10:40:10 Pete |
Agree with Hari |
| 10:42:20 Pete |
So if we go through a benign bearish cycle with the lod holding, you have to shift to a mindset that nothing is going to happen ahead of the Fed. Any move is going to take place on light volume... |
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