Daily Market Analysis

2022-10-05

Mark As Read
Mark As Read

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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09:34:37
Pete
ADP was in line and ISM services in 25 min. That could be an important release especially with ISM man on the soft side Mon.
10:00:19
Pete
ISM serv due out
10:02:59
Pete
56.7 for ISM serv which is a good number. 55.5 expected
10:06:26
Pete
testing lod from Tues. If we take this support out we will start to fill in some of the gap
10:07:21
Pete
bearish 1OP cross after a nice spike so that sets up well for a short here if Tues lod fails. 
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