Daily Market Analysis
2023-01-10
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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| 09:30:51 Pete |
PRE-OPEN MARKET COMMENTS TUESDAY – If you strip out the August highs and the September lows, the market has been trading in a range between SPY $370 and $410 for the last nine months and it is right in the... |
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| 09:38:42 Pete |
Just an observation. I was bearish into the start of the year. I was not short, but I was watching for signs of a drop. The action into year end was soft. Every analyst was bearish for Q1. I think... |
| 09:53:06 Pete |
1OP bullish cycle produced nothing. We fall below $387 and I will short. That is 100-day MA |
| 09:56:24 Pete |
Right now the price action for SPY is mixed and the volume is light. Wait for a breakout/breakdown and some volume. |
| 10:46:49 Pete |
SPY testing the 100-day MA. If we breakdown we still have some time left in this bear cycle. Volume picking up a tiny bit. Still indecision. Once we clearly go below the momentum is likely to build. I would almost... |
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