Good evening traders! 👋
What we’ll cover in the Newsletter tonight:
General market analysis ($NQ/$ES levels)
Market Breadth & Internals
Prime Model spreadsheet (PT_database)
Economic Calendar
Sectors Review
Leaders list
Alex’s Portfolio update
Focuslist including setups, alert levels & explanation
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GENERAL MARKET ANALYSIS ($NQ/$ES levels)
NASDAQ ($NQ) Daily
A very volatile day following #PPI & #FOMC, but we basically got nowhere as we’ve been ranging all day. Been frustrating, but the market is clearly waiting for tomorrow’s very awaited #CPI data release. Will inflation finally come down and push this market higher, we’ll have to see tomorrow.
I’m always open to both scenarios (IF/THEN) and plan accordingly, but we are below all kma’s - defense
$NQ levels on the upside
10890$ level (last week’s low)
11068$ level (June low)
11229$ level (recent swing low)
11285$ level
the 5dma
$NQ levels on the downside
10845$ level (2020 structure)
10656$ level (2020 structure)
10358$ level (2020 structure)
S&P500 ($ES) Daily
$ES levels on the upside
3639$ last week swing low pivot
3735/3780$ area
the 5dma
$ES levels on the downside
3596$ level (2020 structure)
3509$ level (2020 structure)
This was a FREE preview of my daily Market update & Focuslist letter. In the following sections, I’ll cover important parts of my daily routine & preparation for tomorrow’s trading day that you don’t want to miss!
Market breadth & Internals (risk model)
PRIME Model spreadsheet (PT_database)
Economic Calendar
Sectors Review
Leaders list
Alex’s Portfolio update
Focuslist including setups, alert levels & explanation
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