Daily Market Analysis

2022-10-24

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).

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09:30:13
Pete
PRE-OPEN MARKET COMMENTS MONDAY – The market has bounced off of the low of the year and there is some optimism as earnings season kicks into high gear this week. SPY $380 is a resistance level that we need to...
10:02:44
Pete
Mixed overlapping candles on this rally (weak bounce) with a long red candle and a bearish 1OP cross. Good to short here!
12:57:27
Pete
Very light volume float higher. Not a lot of conviction on the part of buyers. Small pullbacks so this is nothing I would fade unless I had some long red candles. It means that when trading from the long side,...
14:05:13
Pete
BennettN wrote: Question Trying to work on reading SPY and getting more accurate with my bias. I notice at this time that SPY is above VWAP, up for the day, and in a bullish 1OP cycle. However, when it comes...
14:13:47
Pete
lilsgymdan wrote: Question How valid is the COVID low d1 candle as a starting point for an algo line? Is it extremely powerful or less powerful? This of course factors in the amount of touch points etcThat low will be used...
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