Daily Market Analysis
2022-11-01
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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| 09:44:20 Pete |
I would not trade before ISM. Watch this bear cycle. Bulls want the gains to hold tight. Then the next bull cross will be good |
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| 10:11:38 Pete |
That was a nasty gap reversal. That first long red candle was a clue. This has the makings of a bear trend day so I would not try longs. |
| 10:19:05 Pete |
Your best play if you have not traded is to wait for a benign 1OP bullish cycle here. Look for a meager bounce that last no more than 30 min and then short on the next bear cross. Be aware... |
| 10:20:27 Pete |
We are pre-FOMC so erroring on no trade is better than forcing a trade and joining a big move that is already underway. |
| 10:21:00 Pete |
You will have your chances, be patient. |
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