Daily Market Analysis
2023-01-06
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.
| 09:33:49 Pete |
1OP is in a deep trough. If you get stacked red candles in the first 20 min, that would signal a gap reversal and possible down trend day (unlikely). If we get stacked green candles bull trend day (unlikely). Best... |
|---|---|
| 12:46:33 Pete |
SPY filled the gap right away. The 1OP bullish cross early in the day produced immediately and we recovered those red candles instantly. This bearish cycle has not produced, but it is not over yet. Be patient. If the bearish... |
| 12:50:00 Pete |
If we start to leak oil in the last part of this bearish cycle (and 1OP is in a steady path lower so not likely to stop at zero) we could see some red candles start stacking. If that happens... |
| 14:04:10 Pete |
SPY stayed nice and tight to the hod during that bearish 1OP cycle and this bullish cross produced a new hod. Looks like a good finish to the week. |
| 15:32:21 Pete |
@#$% missed a nice day, but that is OK. Super excited about what I got done. We should have a strong finish today. SPY did not flinch during this 1OP bear cycle |
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