Daily Market Analysis
2022-12-22
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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| 09:30:39 Pete |
PRE-OPEN MARKET COMMENTS THURSDAY – The S&P 500 lost almost 10% in a week and we were due for a bounce. The rally yesterday was tenuous and those gains are being reversed this morning. This bearish price action is NOT... |
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| 09:30:45 Pete |
Good Morning! |
| 09:45:23 Pete |
We have some nice red candles and we easily took out the low from Wed. I feel that there is a greater chance for chop than there is for a bearish trend day so I am not going to short.... |
| 09:46:17 Pete |
No question this is a bearish start to the day, but I am not going to dive in. I know if I wait I will have clarity and that I will find a trading window. |
| 09:54:50 Pete |
Tiny bodied candles at the lod suggest that support is forming. In order to short /ES I need to see a bounce that does not get to the halfway point of the first candle. Ideally that turns into a bearish... |
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