Daily Market Analysis
2022-11-21
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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| 10:15:46 Pete |
Bearish 1OP cross M5 and the last bullish cycle did not produce much. Very light volume so far. |
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| 11:43:34 Pete |
For those of you trying to get your win rate up, patience is very important. That is especially true on a day like this. If you have excellent stocks on a D1 basis (long or short) then you have to... |
| 11:44:20 Pete |
Along the way you are confirming RS/RW and volume. |
| 11:47:19 Pete |
Right now I would NOT call SPY M5 a bullish cross. 1OP had a bearish cross and it dropped to the zero line. Now it is just sitting there. |
| 12:05:06 Pete |
I was reading this morning that GS is projecting a bear market next year with a high of /ES 4000. MS is projecting a decline in the first qtr to /ES 3000 |
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