DTI Daily Rundown - June 06

On TBUZ TV Today: 4288.00 Pivot. 4305.00 Resistance 4270.00 Support Opens: 2023 3895.00; 2nd Quarter 4127.00; June 4188.50. Day 2 of Sawgrass! Tuesday Trade Day. Watch AAPL and MMM

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Market Review:

3 Days June 1 saw the ES climb from 4188.50 up to 4239.75. On June 2 the market strapped on a rocket and blew past the 4243.25 high of May to 4297.75. At the start of this week the market opened at 4288.00 and climbed to 4305.75. In 3 days, from open to high, the ES added 117.25 points. That is a gain of roughly 2.8%. The last time the market made a lower low was on May 31. The low from June 5, yesterday, was 4273.00. If the market pushes past 4270.00 the next historical level of support could be the May high at 4243.25. It could be the low from June 2 at 4229.00. It could also be all the way down to the open of the month at 4188.50. We have yet to turn this market around and test the lows. Support can be found. However, to find it, the market may need to start looking for it.

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Major Events: June 13 CPI June 14 PPI June 14 FOMC Announcement and Press Conference June 15 Retail Sales Key Numbers Opens: Above or Below 4288.00 is the open of the Week 4279.75 is the open 4188.50 is the open of the Month 4127.00 is the open of the 2nd Quarter 3895.00 is the open of 2023

What's Hot and Not! AAPL After stretching up to 184.95, Apple sold off finishing the day at 179.58. If Apple breaks below 177.00 on the downside there could be a play there. 176.57 was last week's low. 176.93 is the current low of the month. Two weeks ago, the low of the week in AAPL was 170.52, set on May 24, 2023.

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