Daily Market Analysis
2023-01-13
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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| 09:30:53 Pete |
PRE-OPEN MARKET COMMENTS FRIDAY – It is Friday the 13th so it is only fitting that the S&P 500 is down 40 points before the open. Bank earnings and Jaime Dimon’s comments about a recession are responsible for the drop... |
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| 09:44:50 Pete |
Hanshanot wrote: @Pete 50-day MA instead of the 100 :pYou can use the low from yesterday too if you want to get picky about it. |
| 10:02:29 Pete |
Market bounced right away and it recovered more than half of the gap. That is mildly bullish. 1OP bear cross. If the lod holds up during this bid check then we are going to try and fill the gap. I... |
| 10:16:34 Pete |
I would be long. Not trading /ES until I see some of this bearish cycle, but this should be a fairly bullish day. |
| 12:29:25 Pete |
SPY got through a bearish cycle without any drop. This should be a good bullish cycle |
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