Alex's daily Market update & Focuslist - 05/22
Indices bounce right away on default crisis fears cooling off
Good evening guys,
Let’s get ready for tomorrow!
Alex ✌️
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GENERAL MARKET ANALYSIS
NASDAQ (NQ_F) Daily
Price Action Analysis:
NQ quickly found support today as we pushed up right away after futures opened, reclaimed the AVWAP, and tried to make a new high after-market close tonight.
We remain in an uptrend, above all kma’s.
RUSSELL 2K growth (IWO) Daily
Price Action Analysis:
BORS setup is in process. We need to reclaim 230.64$ to confirm upside continuation, but today 228.49$ range top-level bounce is super constructive
S&P500 (ES_F) Daily
Price Action Analysis:
Failed to follow through lower and reclaimed the 4200$ level. It would be very positive if we can push higher and reclaim the recent swing-high pivot tomorrow.
In the following sections of tonight’s letter, I’ll cover essential parts of my daily routine & preparation for tomorrow’s trading session.
✅ PrimeTrading UniverseList BREADTH
✅ 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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