Daily Market Analysis
2024-06-03
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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| 09:32:45 Pete |
The news the last two weeks has been light so there was not a catalyst. I thought we might float higher, but the "tell" came the day after I left. The long bearish engulfing candle off of the new all-time... |
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| 09:49:01 Pete |
The market is our wilderness. We all know that danger looms around every corner and this community comes together to help each other out. |
| 09:51:43 Pete |
Big rally to end the week on Friday. Global markets up nicely overnight so there is a tailwind. 1OP spiking on a gap up and not much market momentum D1. That means for longs you should be patient. Let the... |
| 14:01:05 Pete |
The pullback after the gap up lasted a long time and it was deep. There were no bounces until this one. The SPY is below VWAP and it is struggling to get back to it. 1OP has been in negative... |
| 14:06:01 Pete |
It is possible that we get closer to VWAP during the remainder of this bullish cycle. I would patiently wait for this short to set up. No rally to VWAP during the remainder of this bullish cycle is bearish. A... |
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