Daily Market Analysis
2023-09-06
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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| 09:30:11 Pete |
PRE-OPEN MARKET COMMENTS WEDNESDAY – There was not a lot of news overnight. Services PMIs were a little “light” across the globe. The bearish reaction to a “Goldilocks” jobs report and follow through yesterday and this morning reminds us that... |
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| 10:02:58 Pete |
54.5 was a good ISM Serv number. Market down? |
| 10:06:12 Pete |
We are .5 SPY pts from the 50-day MA |
| 10:07:06 Pete |
/ES is already thru it and it is thru AVWAPQ. This looks bearish to me. |
| 10:08:56 Pete |
We also have a bearish 1OP cross that just started. I would favor the short side. Wait for the 50-day MA on SPY to be breached on good volume. We want to wait for that and we need to see... |
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