Alex's daily Market update & Focuslist - 03/12
Market reversal & potential follow-through to new highs.
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
Flat-ish / rest day with some pocket of strengths. Today we saved the PULLBACK signal by a hair, we are really at crossroad tomorrow. We either turn higher and momentum comes back in the market, or the divergence continues to play out.
This is the sixth 5-day ratio hook-up from oversold in 2024. Will this time be the right one, and will we finally see sustained momentum come back in the market?
LT_momo hooked-up
Price still above all kma's in a strong trend.
NNH increasing
Overall, it still seems like digestion, but I really want to see momentum come back in the market tomorrow or Thursday, or it will be concerning. I'm ready to give this market another chance with this reversal and 5-day ratio hookup today. We'll see tomorrow!
Keep reading with a 7-day free trial
Subscribe to PrimeTrading to keep reading this post and get 7 days of free access to the full post archives.