Daily Market Analysis
2022-12-08
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
Click to expand content and reposition slider.
| 09:31:57 Pete |
PRE-OPEN MARKET COMMENTS THURSDAY – There is not much overnight news. China is loosening Covid-19 restrictions and their market is up overnight. The ECB has Fed Speak today and European markets are flat. The 100-day MA held yesterday and we... |
|---|---|
| 09:33:49 Pete |
Good morning! |
| 09:39:41 Pete |
In the back of your mind you should be thinking, "this is going to be a slow day. we are inside the prior day's range and the volume is light. traders will be waiting for the PPI. as long as... |
| 09:59:42 Pete |
This is a nice move. We went right thru the prior day high and bullish 1OP cross. I would favor the long side here |
| 10:04:59 Pete |
I like the breakout, but I do not like the volume. If volume would have spiked I would consider the breakout legit. Since it did not, I have to make sure this is not just a headfake. We need to... |
Limited Access Only
Become a OneOption member to view all Daily Market Comments. Please visit our Start Here page to learn more about our system and how to become a member via our Free Trial.
Start Free Trial