Daily Market Analysis
2024-06-06
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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| 09:52:15 Pete |
I am not too anxious about day trading from the long side here. I want to see the bid tested first. |
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| 09:52:51 Pete |
Same thing yesterday. You did not have to rush in and buy. We had a better entry point after an hour of trading. |
| 10:36:22 Pete |
I'm pretty satisfied at this stage that we are not going to see a gap reversal. The bid check has been benign and so far the bearish cycle has not produced. This is market neutral for now, but it demonstrates... |
| 10:52:54 Pete |
I'm happy from a bullish standpoint to see that the market has been able to hold the lod during the completion of the bearish cycle, but the price action suggests that we are not going to move much today. That... |
| 14:20:05 Pete |
This is a fairly bearish pattern. The market leaked lower the first few hours. I expected that the lod was in and that we might gradually drift down to test it and make a higher low. The smack down from... |
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