Daily Market Analysis
2022-09-20
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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| 09:30:44 Pete |
PRE-OPEN MARKET COMMENTS TUESDAY – The SPY broke a key support level at $390 last Friday and we are likely to test the low of the year in the next few weeks. The S&P 500 is down 25 points before... |
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| 09:31:11 Pete |
Good morning. This is pre-Fed so keep it light and expect chop. |
| 09:58:34 Pete |
We have a bearish 1OP cross pending, but the price action right here suggests a bounce is coming. We are seeing compressed candles and tails. I wold like to see a nice green "solo" candle that instantly reverses. That would... |
| 10:05:25 Pete |
I don't like this gradual drift lower with tiny candles for shorting here. If you have the right stock - fine, but otherwise I would be patient. |
| 10:06:19 Pete |
We need to see a green candle or two that are instantly pounded down. Then we can short. There is a risk that we get a good bounce and I am not expecting buyers to just roll over after the... |
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