Daily Market Analysis

2022-09-06

Mark As Read
Mark As Read

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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09:53:59
Pete
Stacked red candles and a gap reversal during  a bullish cycle. Not the way bulls wanted to start the week. ISM services in 5 min
10:03:37
Pete
ISM serv 56.9. Better than the 56 expected. 
10:04:15
Pete
That gives the Fed more breathing room to hike. Good news = bad news. That was a solid number
10:10:20
Pete
I would be more interested in shorting a weak number. With the Fed steadfast on tightening it could be a sign that they are ignoring econ weakness. Now it tells me that the econ is shouldering the rate hikes. Good...
10:11:48
Pete
The D1 up trendline SPY is being tested. 
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