Daily Market Analysis
2024-06-04
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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| 09:42:10 Pete |
Flat open and an "inside day". News pending. This is a time to be cautious. We need movement and nice candles one way or the other. |
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| 12:13:30 Pete |
I don't have any color that I can add. The market is as flat as a pancake today. |
| 14:46:27 Pete |
The market is trying to breakout, but we have to make sure this move is legit. The volume is still light and we have to get thru the high from Mon. It is hard to embrace this move when the... |
| 15:05:22 Pete |
The odds of this move being fake were high. This breakout to a new hod forced some shorts to cover and it attracted a few longs. If it were legit, we would have stacked a few more greens and we... |
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