Alex's daily Market update & Focuslist - 03/19
Let's see if Jerome Powell make or break this market!
Good evening!
Enjoy tonight’s daily edition.
Alex ✌️
Tonight’s daily report content
PrimeTrading Market Model #PTMM + Takeaways
General Market Analysis: NASDAQ - S&P 500 - RUSSEL 2K - OTHERS, including my daily levels & my bullish and bearish scenarios
Market Internals
Sectors & Themes Analysis
Focuslist including setups, alert levels & explanation (long & short)
Leaders list + Scans (technicals, fundamentals & potential TMLs)
My Portfolio Update
Economic Calendar
PrimeTrading Market Model #PTMM
It's a decent day, but tomorrow is pivotal with FOMC.
MCSI is RIGHT ON the 10dma signal. Tomorrow, be bounce or break.
The price is still right at 21dma. Tomorrow, we will likely bounce or break.
Upside momentum is approaching the 7% area where all recent bounces started.
The 5-day ratio still shows that hook for OS.
MT/LT_momo are right at the neutral area (=1). Flip zone as well.
Overall, I feel that tomorrow's FOMC meeting will be crucial for this market. I am prepared for every scenario.
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