Daily Market Analysis
2022-12-07
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.
| 09:32:16 Pete |
PRE-OPEN MARKET COMMENTS WEDNESDAY – Yesterday the market dropped below the upward sloping D1 trendline that started from the low of the year. The selling pressure was steady and the volume was decent. The 100-day MA was tested and it... |
|---|---|
| 09:33:36 Pete |
Good morning. |
| 09:52:30 Pete |
 |
| 09:54:52 Pete |
Decent volume, nice red candles, bearish 1OP cross. Let's see what happens on this cycle. We were not going to have a meaningful rally until the downside was tested. The selling pressure has been heavy and bulls want to confirm... |
| 09:56:24 Pete |
As I mentioned yesterday, trading a bounce off of support is just as good as trading a breach. We just have to make sure we know which one we have. |
Limited Access Only
Become a OneOption member to view all Daily Market Comments. Please visit our Start Here page to learn more about our system and how to become a member via our Free Trial.
Start Free Trial