Daily Market Analysis
2023-05-26
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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10:07:38 Pete |
Volume is pretty decent and market got right thru the high from Thurs. It is finding a little resistance here, but pretty decent action and we have a bullish 1OP cycle to work with |
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11:57:12 Pete |
So when we do get the debt ceiling raised - yippie no default. We could see a relief rally or this could be it. The market could be pricing it in. The thing to keep in mind is that Reps... |
11:59:06 Pete |
I would be watchful of a double top lower high here. No need to guess, this has been a nice rally so far. I would stick with longs if they are performing. If the bullish cycle ends and we do... |
15:22:26 Pete |
I have not been around today, but you did not need me. You all crushed it!!! Congratulations. The signs were there early in the day that this was going to be a good one. 1OP was spot on so you... |
15:22:50 Pete |
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