Daily Market Analysis
2022-10-17
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).
All Comments
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| 09:02:55 Pete | PRE-OPEN MARKET COMMENTS MONDAY – A market bid is forming as we prepare for earnings season. The long green candle from Thursday held the halfway point Friday and the S&P 500 will open 45 points higher this morning. At the... |
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| 09:03:04 Pete | From a day trading standpoint, chasing gaps up in a bearish downtrend is foolish. Hopefully you avoided that trap Friday. That was a nasty gap reversal. If the gap up turns into a “Gap N Go”, let it run and... |
| 09:20:20 Pete |
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| 10:01:09 Pete | Bearish 1OP cross. Bears want to trade below $365.27. Bulls want a benign bear cycle. |