Daily Market Analysis

2022-10-31

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

Click to expand content and reposition slider.

09:52:04
Pete
We have a new lod and we have a bearish 1OP cross pending. 
09:54:57
Pete
For me personally I like the long side. I might not get what I am looking for. I want a benign bearish cycle and I want support to hold. I do not want a big drop or organized selling. Then...
09:59:05
Pete
BTW, I do still have the SPY Nov (11) $395/400 CDS on @ $1.65 db. I do not plan to exit any time soon. But Pete it is against you, how will you manage it? I don't give a #$%^....
10:05:55
Pete
Mixed overlapping candles still support the set-up I am watching for. I view this as a weak drift lower so far. 
10:36:46
Pete
I am seeing signs of market support (mixed overlapping candles), but 1OP continues to drift lower. There is zero reason for me to take action given the side of the market I prefer to trade. Support at SPY $385 is...
Top