Daily Market Analysis
2022-09-29
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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| 09:32:12 Pete |
We still have not seen this, but if initial jobless claims spike it will send a shock wave thru our market. As long as jobs are intact, the move lower will be gradual. If they start to climb, recession fears... |
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| 09:32:40 Pete |
If you were following 1OP pre-open it nailed that big drop and bounce. |
| 09:38:32 Pete |
Exit ES 3683 for 42pt loss. |
| 09:40:38 Pete |
I was willing to take some heat on the position, but I did not expect a drop of this magnitude. It is not consistent with buyers supporting the market here. I also traded the pre-open and I can tell there... |
| 09:41:37 Pete |
Short ES 3678 |
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