Daily Market Analysis
2022-11-09
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
Click to expand content and reposition slider.
| 09:49:17 Pete |
1OP is spiking. We gapped down and we are trying to get in the gap. Since 1OP is close to a bearish cross I will outline what I would like to see. We have a long red bar to start... |
|---|---|
| 09:51:03 Pete |
We do have support at the lod from Tues. I would like to see a red candle thru the lod. That would get me short 1/2 position. The 50-day MA is at the lod from Tues. That support needs to... |
| 09:52:13 Pete |
So < $378.50 on a long red candle gets me mildly short. If we attack the lod from Tues and blow thru it, I would add to the position. If we inch down to it, I would take gains on... |
| 09:52:26 Pete |
The length of the candles so far is good so there should be movement. |
| 09:53:44 Pete |
From a bullish standpoint, I would need time. The bear cycle would have to run without a new lod. If that were to happen the next bullish cross (45 min?) would need to attack the gap. |
Limited Access Only
Become a OneOption member to view all Daily Market Comments. Please visit our Start Here page to learn more about our system and how to become a member via our Free Trial.
Start Free Trial