Alex's DAILY Market update & Focuslist - 04/17
The selling continues.
Good evening,
Enjoy tonight’s report!
Alex ✌️
Tonight’s 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
Selling is very similar to the Aug. Sept. Oct. 2023 period.
We are 6 days in, and back then, we see two legs down and 10-12 straight down days. So, despite being oversold, we have precedents.
Right now, we are below all kma's, MCSI is well below signal, PTHL is starting to confirm a downtrend, and LT_trend is about to change.
This is a hard penny market.
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