Daily Market Analysis
2022-10-21
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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| 09:32:51 Pete |
How will we know if the market believes the WSJ article? Will the market bounce on that news? Answer: Watch TLT |
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| 10:23:27 Pete |
Does 1OP work for TLT? Yes. Tiny bodied candles on TLT. Did not fill the gap. Resistance building. SPY Bearish 1OP cross and open from last long green candle breached. Those were some nice stacked green candles on SPY so... |
| 10:25:28 Pete |
I would short here and add on continued weakness |
| 10:26:28 Pete |
That was a long red candle so not expecting much retracement. If it happens I would also add on a lower high double top. |
| 10:27:11 Pete |
TLT also long red bear engulfing candle and bear 1OP cross pending |
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