Daily Market Analysis
2022-09-07
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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| 09:31:08 Pete |
From July we pretty much rallied 12% and then gave it all back in Aug. |
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| 10:04:46 Pete |
Continued choppy conditions. Long mixed candles and no direction. This current bar is 15 pt range and it is not complete yet. |
| 10:06:06 Pete |
Our best play today will be on the short side once this bullish cycle runs. We want to see a high that is much lower than the high from Tues |
| 10:16:55 Pete |
This bullish 1OP cycle is not providing much upside. We might not even challenge the hod by the time it completes. I would be searching for shorts |
| 10:37:42 Pete |
We are close to a bearish 1OP cross. I would like to see some wicks. That would be a sign of resistance. Reference the price action at the hod Tues and look for those wicks. |
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