Daily Market Analysis
2022-08-23
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– Yesterday we saw heavy selling and the S&P 500 breached an upward sloping D1 trend line and horizontal support at $417.50. The market never came up for air and it closed on the low. Sellers were... |
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| 10:16:00 Pete |
In the first 45 min they are trying to spark a market bounce. 1OP crossed back and now we wait to see if the bounce can continue or if it runs out of steam. I still feel that our best... |
| 10:19:00 Pete |
The bounce has been ok so far, but the candles are not stacked. I will be watching the half way point of the last long green candle. I would like to see that fail and then I would like to... |
| 10:21:00 Pete |
We barely bounced yesterday and that is why I felt the first move on the open might be a wimpy bounce. If the next bearish cycle produces nothing, it will confirm support and then I will shift gears to the... |
| 10:26:00 Pete |
1OP bearish cross pending and halfway point of green candle about to be tested. |
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