Daily Market Analysis

2023-05-26

Mark As Read
Mark As Read

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
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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