Daily Market Analysis
2022-10-07
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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| 09:40:02 Pete |
I was incorrect on 1OP starting out on a bullish cycle. Sorry about that. I still had the M5 (red) time frame up and I was watching the pre-open action. It is actually on a bearish cross |
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| 09:59:14 Pete |
Gap and go formation, bearish trend day likely. Not chasing. Tiny bodied candles and deep 1OP trough suggest a bounce might be coming. If I am patient, I will get my chance later this morning (reference M5 9/29/22 price action... |
| 10:13:52 Pete |
I am going to post one trade today on the first stalled bounce and it will be a short. It might take an hour or more to set up. THIS IS A BEARISH TREND DAY. That means if you are... |
| 10:43:13 Pete |
DO NOT POST YOUR ANSWER. JUST THINK ABOUT IT. I will post the answer in 5 minutes and most of you will get it wrong. WHEN WILL THE BEST /ES SHORT SET-UP? |
| 10:55:14 Pete |
Pete wrote: DO NOT POST YOUR ANSWER. JUST THINK ABOUT IT. I will post the answer in 5 minutes and most of you will get it wrong. WHEN WILL THE BEST /ES SHORT SET-UP?It would be common for most of... |
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