Daily Market Analysis
2023-02-06
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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| 09:43:59 Pete |
I corrected my error. Fed Speak is Tues, not today |
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| 09:45:04 Pete |
First green candle was an attempt to try and fill the gap. That attempt was squashed and we made a new lod. 1OP is in a bearish cross so given the info so far, I would be leaning short side. |
| 09:53:03 Pete |
Mixed overlapping candles and < prior low. This is looking like a choppy/stubborn drift lower. That usually forms a downward trading channel. Nothing you can get aggressive with. |
| 11:47:59 Pete |
SPY tried to fill the gap, but we are chewing away at that last green candle. Half of it has been erased. If we take out the open of it, we will pull back. 1OP also in bear cycle. Not... |
| 13:04:25 Pete |
Key bar M5 and bullish 1OP cross for SPY. I like it here. Use the key bar as your guide |
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