Daily Market Analysis
2022-10-10
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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| 09:31:58 Pete |
PRE-OPEN MARKET COMMENTS MONDAY – With the exception of solid job growth in the US, the headlines are downright depressing. The Fed plans to tighten knowing that a recession is the only thing that can tame inflation. Consumers are spending... |
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| 09:38:06 Pete |
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| 09:40:07 Pete |
I did not mention one of the most important trading tips today. This is going to be a lackluster, choppy trading day. Why? It is a Monday and it is a banking holiday. Keep it light! This is one of... |
| 11:17:35 Pete |
This is a downward sloping M5 channel. We had a nice bearish 1OP cycle. Now I would wait for the bullish cycle to run and reshort if the bounce is meager and the M5 down trendline remains intact. |
| 11:38:19 Pete |
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