Daily Market Analysis
2022-12-02
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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| 09:31:19 Pete |
PRE-OPEN MARKET COMMENTS FRIDAY – As noted in my comments, I could not embrace this rally from a longer term swing perspective because of the price action. The breakouts did not have volume or follow through and that suggests that... |
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| 09:42:39 Pete |
1OP is preparing for a bearish cross and we are < 200-day MA. I am ready to short. The longer I can hold off, the better. |
| 09:45:10 Pete |
The ideal scenario is a wimpy bounce to the 200-day. That would give us time to line up shorts and to evaluate the selling pressure. |
| 09:46:57 Pete |
Short ES 4035 1/2 |
| 09:47:36 Pete |
I will short the other 1/2 on a new lod. Until then I am just going to watch the price action. |
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