Daily Market Analysis

2022-09-20

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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09:30:44
Pete
PRE-OPEN MARKET COMMENTS TUESDAY – The SPY broke a key support level at $390 last Friday and we are likely to test the low of the year in the next few weeks. The S&P 500 is down 25 points before...
09:31:11
Pete
Good morning. This is pre-Fed so keep it light and expect chop.
09:58:34
Pete
We have a bearish 1OP cross pending, but the price action right here suggests a bounce is coming. We are seeing compressed candles and tails. I wold like to see a nice green "solo" candle that instantly reverses. That would...
10:05:25
Pete
I don't like this gradual drift lower with tiny candles for shorting here. If you have the right stock - fine, but otherwise I would be patient.
10:06:19
Pete
We need to see a green candle or two that are instantly pounded down. Then we can short. There is a risk that we get a good bounce and I am not expecting buyers to just roll over after the...
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