Daily Market Analysis

2022-12-22

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

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09:30:39
Pete
PRE-OPEN MARKET COMMENTS THURSDAY – The S&P 500 lost almost 10% in a week and we were due for a bounce. The rally yesterday was tenuous and those gains are being reversed this morning. This bearish price action is NOT...
09:30:45
Pete
Good Morning!
09:45:23
Pete
We have some nice  red candles and we easily took out the low from Wed. I feel that there is a greater chance for chop than there is for a bearish trend day so I am not going to short....
09:46:17
Pete
No question this is a bearish start to the day, but I am not going to dive in. I know if I wait I will have clarity and that I will find a trading window.
09:54:50
Pete
Tiny bodied candles at the lod suggest that support is forming. In order to short /ES I need to see a bounce that does not get to the halfway point of the first candle. Ideally that turns into a bearish...
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