Daily Market Analysis
2022-08-24
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 WEDNESDAY–August is a slow month. The market had a 12% bounce in a month and now we are seeing some profit taking. How long will the drop last and how deep might it be? The price action... |
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| 09:38:00 Pete |
SPY poked thru the lod from Tues and the support level where they tried to trigger sell stops. We want to see support here when 1OP is in a deep trough. |
| 09:39:00 Pete |
Typically, when the market has been slow previous days and you get a flat open, there is not going to be much movement. The market will try both sides and the moves are sporadic. Eventually one side will prevail and... |
| 09:46:00 Pete |
I will look back 20 days to see if I can find an example. |
| 09:48:00 Pete |
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