Daily Market Analysis
2022-08-16
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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| 09:30:00 Pete |
PRE-OPEN MARKET COMMENTS TUESDAY – The overnight news is light and the price action is bullish. The market has tested the bid early in the day and once support has been confirmed it grinds higher and closes near the high... |
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| 09:30:00 Pete |
PRE-OPEN MARKET COMMENTS TUESDAY – The overnight news is light and the price action is bullish. The market has tested the bid early in the day and once support has been confirmed it grinds higher and closes near the high... |
| 09:48:00 Pete |
What's different today? Yesterday we had a 1OP spike just like today on the open. That means we should be a bit passive with longs and we should wait to see what the bear cycle might bring. Buyers gobbled up... |
| 10:12:00 Pete |
From a bullish perspective we want this 1OP bearish cycle to pass without much damage. We want to see the lod hold and then we want to see tails under body. That will be a sign that support is forming.... |
| 10:16:00 Pete |
SPY making lower highs. Long wicks |
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