Daily Market Analysis
2022-11-10
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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| 09:34:34 Pete |
A very common pattern for these monster gaps up is a "gap n go" with follow thru for an hour and then a tight compression. I hope I am wrong because that is a very tough pattern to trade. |
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| 09:37:36 Pete |
Nice first candle is long red so we at least get a little time to evaluate. If the first 3 bars are stacked and red, that would be bearish and a sign that we will fill more of the gap. |
| 10:00:32 Pete |
You can be long here. The bid was tested briefly and we are going higher. 1OP continues to climb |
| 10:01:34 Pete |
This market move might only last another hour, but there are sectors/groups/stocks that will grind higher all day. |
| 10:10:54 Pete |
Hariseldon wrote: Profit taking is my biggest concern here right now Yes and SPY is right at the 100-day MA |
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