Daily Market Analysis
2023-06-02
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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| 09:32:12 Pete |
PRE-OPEN MARKET COMMENTS FRIDAY – The S&P 500 is up 25 points before the open. The Senate passed the debt ceiling and President Biden will sign the bill today. The jobs report was strong and that is a sign that... |
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| 09:35:25 Pete |
That first candle is bullish. We just need some volume. |
| 09:44:37 Pete |
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| 09:56:39 Pete |
So we have a nice gap up through major resistance. Volume is OK. At least it is better than ave. That means we should get decent movement today. 1OP has spiked and we will get a bearish cycle. This is... |
| 10:00:02 Pete |
6 bars in we have a different look. A gap and go would not have quickly retraced those first 3 candles. Now we have easily tested the open. |
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