Daily Market Analysis
2023-01-03
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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| 09:30:43 Pete |
Support is at SPY $378.50 and resistance is at $384.30 (open) and $387.40 |
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| 09:32:12 Pete |
The first day in 2022 was green. We all know how that ended. Don't read too much into the price action today. I believe that as the week unfolds we will test the downside. Year end strength will not be... |
| 09:46:24 Pete |
Short ES $3881.25 |
| 09:47:49 Pete |
We had a bearish hammer off of the hod and follow thru to the lod. That is enough weakness for me to take a short with 1OP bearish cross pending. I want to see a bear cross and a new... |
| 09:49:17 Pete |
$3880 stop. Nice when the first trade of the year works out. |
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