Daily Market Analysis
2022-10-20
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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| 10:34:15 Pete |
Bearish engulfing candle off of the hod on a bearish 1OP cross near the prior day high. I wonder if this is a good place to short? |
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| 10:35:42 Pete |
I will be out of the room most of the day for personal reasons and trying to work on new version issues. |
| 12:29:15 Pete |
We have a bullish 1OP cross, but that does NOT mean buy. The price action is still bearish. The indicator could cross right back down again. |
| 13:59:37 Pete |
This is a breakdown below the prior day low. Next support is $364. We want to see follow thru here. This could be a head fake to trigger sell stops, but I don't think it is. There were not enough... |
| 14:03:23 Pete |
If you look at the long red candle from 1:05 you will notice how the halfway point held beautifully. Then we got the next leg lower. We want the same pattern here. It needs to happen fairly soon. If it... |
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