Daily Market Analysis
2023-03-17
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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| 09:30:17 Pete |
Where there is smoke there is fire. As long as credit issues were contained, we would get through this Fed tightening cycle. The genie is out of the bottle. Tread cautiously. The market had a good bid in 2008 and... |
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| 09:30:46 Pete |
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| 09:44:10 Pete |
SPY sitting right on 200-day MA. I am going to record a video on the open today |
| 11:15:32 Pete |
Nice deep 1OP bearish cycle. Mentioned good cross and short in video. Signs of support. Mixed candles and volume on the way down was not as heavy as the volume on the way up yesterday. Still have to respect the... |
| 11:18:00 Pete |
Bullish cross pending. I would not be taking shorts here and I would not be adding to shorts. Novice traders your mindset is to short bounces on this type of action when a bullish cycle completes without much of a... |
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