Alex's daily Market update & Focuslist - 04/26
MSFT earnings were not able to create a catalyst, as the market weakened again under the surface.
Good evening traders!
This will be a short version of the newsletter as I got very sick today and not feeling better tonight, so I’ll keep it minimal.
Thanks!
Alex
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GENERAL MARKET ANALYSIS
NASDAQ (NQ_F) Daily
Price Action Analysis:
NQ could not hold the gap induced by MSFT earnings and was rejected at the 21dma & DTL this morning before closing below the 12949$ level.
We gapped up again above that level due to tonight’s META earnings, but we remain inside Tuesday’s range.
We remain below the 10/21c and are at risk of a rejection lower if we can’t hold that area.
On the upside (bullish scenario),
The 13082$ level and the 10/21c reclaim would confirm an early confirmation of a bounce attempt. Then a 13331$ base breakout would confirm it.
On the downside (bearish scenario),
12811$ level has to hold. (tuesday’s low)
S&P500 (ES_F) Daily
RUSSELL 2K (RTY_F) Daily
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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