Alex's daily Market update & Focuslist - 03/18
Market continue to chop & looks weak before FOMC.
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
We saw some interesting action to start the week, but overall we saw another weak close that confirmed another negative breadth day for the broad market.
MCSI is right at 10dma - pivotal point tomorrow.
PTHL is rounding down and a thrust would be needed to keep the NNH market alive.
Potential 5-day hook-up today, but momentum will need to come in FOMC to confirm it.
The price is still hanging at the 21dma, but it was a weak bounce attempt today.
The market is likely waiting for a catalyst to go either side; FOMC on Wed.
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