Daily Market Analysis

2022-09-22

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

Click to expand content and reposition slider.

10:30:40
Pete
Bears want to see these attempts at a bounce keep getting hammered down. If this is a benign bullish cycle, the next bearish cross will be good. The long green candle was slapped down instantly and we have still not...
10:41:06
Pete
So far this price action is exactly what the bears want. Early in the day bearish specs will load up. The attempt to spark a short covering bounce failed and that is a sign that sellers are not letting the...
10:46:10
Pete
We should take out the lod here
11:01:55
Pete
If you were going to draw up the ideal cycle for bears, you just saw it. That instant reversal of that long green candle was a big clue. No short covering bounce tells us that institutions are keeping the pressure...
11:08:25
Pete
This is going to be a gradual drift lower today. It will test your patience because every time there is a move lower, it will retrace. Eventually, bulls will throw in the towel and the retracements will be smaller and...
Top