Daily Market Analysis
2022-10-31
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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| 09:52:04 Pete |
We have a new lod and we have a bearish 1OP cross pending. |
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| 09:54:57 Pete |
For me personally I like the long side. I might not get what I am looking for. I want a benign bearish cycle and I want support to hold. I do not want a big drop or organized selling. Then... |
| 09:59:05 Pete |
BTW, I do still have the SPY Nov (11) $395/400 CDS on @ $1.65 db. I do not plan to exit any time soon. But Pete it is against you, how will you manage it? I don't give a #$%^.... |
| 10:05:55 Pete |
Mixed overlapping candles still support the set-up I am watching for. I view this as a weak drift lower so far. |
| 10:36:46 Pete |
I am seeing signs of market support (mixed overlapping candles), but 1OP continues to drift lower. There is zero reason for me to take action given the side of the market I prefer to trade. Support at SPY $385 is... |
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