Daily Market Analysis
2022-11-18
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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| 09:41:44 Pete |
Two long red candles closing on their low to start the day. That is bearish and it tells us that sellers are smacking this move down. 1OP is close to rolling over. Another long red candle would suggest the gap... |
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| 10:07:10 Pete |
Short ES 3962 |
| 10:14:00 Pete |
There is some overlap and retracement on this gap. That means I am not expecting a meltdown. 1OP bear cycle is just starting so favor the short side and expect a gap fill. If we get through the another 20... |
| 10:15:05 Pete |
Volume is ave during this gap fill and that means I can trust the move. |
| 10:26:49 Pete |
LMT is a nice long. Good rel str and bull flag D1 likely |
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