Daily Market Analysis

2022-09-21

Mark As Read
Mark As Read

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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09:30:50
Pete
With regards to trading into year end, DaveW will attest to how well I trade into year end. He has been with me for many of these moves and we've made a lot of money. Last Nov I had many...
09:32:39
Pete
I don't guess what the market is going to do, I wait for technical confirmation. When I have it, I will not have a problem buying a low with "both hands". I just need the right formation and a capitulation...
09:40:14
Pete
1OP spike and bearish cross pending. We are testing the high from Tues. If we see a lot of resistance (wicks and bearish hammers) it will be a sign of resistance and we should look for shorts for the first...
09:41:27
Pete
If the bearish cycle does not produce and we hold most of the gap, the next bullish cycle will test the hod from Tues. If we break thru we will fill in some of the gap. 
09:43:20
Pete
My commentary will be fairly limited. If this were a normal day, you should be able to visualize this first round of commentary and be able to plan around it. This is NOT a normal day and the prevailing theme...
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