Alex's daily Market update & Focuslist - 04/17
Market still in range, but showing constructive action.
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GENERAL MARKET ANALYSIS
NASDAQ (NQ_F) Daily
Sentiment/Positioning:
Price Action Analysis:
NQ Was under pressure again today but got supported at the same intraday structure support as Friday. This market refuses to break down as we close once again above the 10dma, but still inside that last 7 days range area.
This action looks constructive as we digest the recent move higher and still hold the 10/21c.
We need to push above the 13230$ ish pivot & then the 13331$ level to confirm continuation.
NQ_F is above all kma’s - uptrend.
On the upside (bullish scenario),
The 13331$ previous swing high pivot will be the level to watch to confirm an upside continuation.
On the downside (bearish scenario),
12949$ level & 21dma has to hold.
S&P500 (ES_F) Daily
Sentiment/Positioning:
RUSSELL 2K (RTY_F) Daily
Sentiment/Positioning:
LIQUID LEADERS (PRICE ACTION ANALYSIS)
Constructive action across the board today, even if we did not push higher.
MSFT -Daily
We gapped up above the 289.27$ on the news, then retested the 10dma to close back around the base level finally. I want to see a push above today’s high to really confirm a continuation higher.
AAPL -Daily
Inside day as we hold the 10dma again. Looks constructive as we build below the 166.84$ base level.
NVDA - Daily
The most constructive action in MEGA, IMO. NVDA was at risk of a break lower, but we held the 263.99$ base level, 21dma, as we made a higher low and new high today.
META - Daily
Almost inside day above the base level & 10/21c, as we digest the recent move on low volume. No red flags.
In the following sections of tonight’s letter, I’ll cover essential parts of my daily routine & preparation for tomorrow’s trading session.
✅ My overall current market Takeaways & GAMEPLAN for tomorrow
✅ My daily Focuslist, including setups, alert levels & explanation (LONG/SHORT)
✅ My Portfolio update
✅ Sectors Review
✅ Market Breadth & Internals
✅ Economic Calendar
✅ Prime Model spreadsheet (PT_database)
✅ Leaders list (technicals, fundamentals & potential TMLs)
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