Daily Market Analysis
2022-12-29
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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| 09:43:25 Pete |
3 stacked green candles and a bullish 1OP cross to start the day. as you might imagine, light volume is a concern. |
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| 10:07:16 Pete |
I know it is early, but I would favor the long side today. |
| 10:08:13 Pete |
These are really nice stacked candles and we've had some volume on this move higher. 1OP is extended, but far from rolling over. |
| 10:08:39 Pete |
When it does, we want that bearish cycle to be benign. That will set the table for a possible up trend day. |
| 10:09:38 Pete |
If not for the fact that this is pre-holiday trading I would trust what I see. The fact that this has been lame price action in the last week means you have to reduce size |
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