Alex's daily Market update & Focuslist - 03/08
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GENERAL MARKET ANALYSIS
S&P500 (ES_F) Daily
Price Action Analysis:
ES_F remained in a very choppy range today, with a breakdown attempt that was bought and created a rally in the afternoon. Overall we closed almost flat and still inside the support area and the below the 5dma.
For me, today was not convincing enough as a reversal to conclude anything. We are still below all kma’s and did not even retest the 3964$ level.
On the upside,
A reclaim of the 4016$ level and the 50dma will be a good constructive action tomorrow if we react positively to economic releases.
I also want a close above the 5dma to re-engage in this market.
On the downside,
If we lose the 3964$ level tomorrow, we might get into more trouble ahead.
NASDAQ (NQ_F) Daily
RUSSELL 2K (RTY_F) Daily
POTENTIAL SUPPORT/RESISTANCE LEVELS (ES/NQ/RTY)
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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