Daily Market Analysis
2022-09-14
Review our intraday commentary to learn how we interpret price action and build a market narrative.
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09:44:46 Pete |
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10:03:43 Pete |
Wimpy M5 rally with mixed overlapping candles could set up a nice little bearish 1OP cycle. That is how I would be leaning. Market not likely to have a nice bounce until support tested. No need to rush the shorts,... |
10:19:17 Pete |
Seeing some wicks and lower highs. We are on this bearish cycle and if you have the right shorts Ok to try them here. Just make sure you take some gains at SPY low from Tues. |
10:29:37 Pete |
This is not a bad place to take partial gains on shorts. If we take out the low from Tues with ease, ride the rest of the shorts. The only thing you have to be careful of here is a... |
10:35:05 Pete |
If this candle holds it is a warning sign that the lod from Tues will be defended. It would be a bullish engulf. In the context of a dull range day you want to pay attention to these. As I... |
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