Daily Market Analysis
2023-01-11
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.
| 09:31:14 Pete |
Comments are brief today. Know that the CPI is tomorrow. That is likely to spark a move. Overall comments have been positive overnight. No neg reaction to Powell and China reopening has bulls excited. |
|---|---|
| 09:55:57 Pete |
Prudent to see what this 1OP bear cycle produces. We want to see the open hold during this bear cycle. If we take it out, this bear cross will fill in some of the gap |
| 10:05:27 Pete |
Little tidbit of knowledge. You don't see it often, but when the SPY closes on its absolute hod or lod it follows thru the next day about 2/3 of the time. |
| 10:23:02 Pete |
The longer we hold the lod during the bearish cycle, the more likely we are to move higher. |
| 10:24:22 Pete |
That would be a sign that buyers are interested and that attempts to fill the gap have failed. A gap reversal with a bear trend day are very unlikely at this stage. |
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