Daily Market Analysis
2022-09-15
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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| 09:48:25 Pete |
$391 and $396 are the levels we need to clear to get out of a range. Until we do, expect two-sided action. Your best opportunities will come on the short side because the drop Tues is still pretty fresh. With... |
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| 09:50:10 Pete |
As I said in my comments, we want a nice wimpy attempt to breakout on the upside and then a slap down from that hod that would make Will Smith proud. |
| 09:59:20 Pete |
As we approach $396 that is horiz resist. I want compressed candles and tails above body. These two stacked candles mean little right now. They filled a small gap down. 1OVol < 0 so not giving this move much credence.... |
| 10:02:39 Pete |
To switch to a bullish stance here (vs looking for chop), I would need to see a breakout thru $396 and then I would need to see that rally hold during much of the bearish 1OP cycle. On a bearish... |
| 10:03:26 Pete |
I want to see some wicks stacking here. That was pretty decent momentum to get here so no need to be early with shorts. |
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