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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 ($NQ) Daily
Well, today, we closed below the 11068$ level (June low) I was watching very closely in the last few days. We had a good bounce off the 10890$ level in the afternoon after FED speaker Brainard, but we were not able to really push higher following the initial thrust.
We’ll have to see if this bounce continues tomorrow or if we continue the current downtrend.
Tomorrow I’ll be watching closely for a possible retest of the 11068$ level and/or the 5dma that might come into play on the upside.
$NQ levels on the upside
11068$ level (June low)
11229$ level (recent swing low)
11285$ level
the 5dma
$NQ levels on the downside
10890$ level (last week’s low)
10845$ level (2020 structure)
10656$ 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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