Daily Market Analysis
2022-10-24
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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| 09:30:13 Pete |
PRE-OPEN MARKET COMMENTS MONDAY – The market has bounced off of the low of the year and there is some optimism as earnings season kicks into high gear this week. SPY $380 is a resistance level that we need to... |
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| 10:02:44 Pete |
Mixed overlapping candles on this rally (weak bounce) with a long red candle and a bearish 1OP cross. Good to short here! |
| 12:57:27 Pete |
Very light volume float higher. Not a lot of conviction on the part of buyers. Small pullbacks so this is nothing I would fade unless I had some long red candles. It means that when trading from the long side,... |
| 14:05:13 Pete |
BennettN wrote: Question Trying to work on reading SPY and getting more accurate with my bias. I notice at this time that SPY is above VWAP, up for the day, and in a bullish 1OP cycle. However, when it comes... |
| 14:13:47 Pete |
lilsgymdan wrote: Question How valid is the COVID low d1 candle as a starting point for an algo line? Is it extremely powerful or less powerful? This of course factors in the amount of touch points etcThat low will be used... |
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