Alex's daily Market update & Focuslist - 05/10
Positive CPI reaction, followed by a wild session!
Good evening guys!
Let’s get ready for tomorrow. This might be a very interesting one :)
Alex ✌️
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GENERAL MARKET ANALYSIS
NASDAQ (NQ_F) Daily
Price Action Analysis:
NQ finally broke out of that last two months’ consolidation today. If we consider Monday the breakout, it was a retest, but this BORS setup confirms a continuation higher for me.
If we follow through tomorrow, I’ll watch the 13583$ level as the next potential resistance.
We must hold that base area and 10/21c to remain in that breakout confirmation.
RUSSELL 2K growth (IWO) Daily
Price Action Analysis:
IWO gapped up considerably today as we broke out of the last three months’ consolidation DTL, but we faded to fill the gap and retest that 224.45$ level and DTL. We closed strong above all kma’s but remained below the 228.49$ significant range level.
After that DTL breakout & retest, we’ll want to see a follow-through tomorrow and 228.49$ breakout to have the start of a possible move higher.
This is constructive. Let’s see if we can build on that!
S&P500 (ES_F) Daily
In the following sections of tonight’s letter, I’ll cover essential parts of my daily routine & preparation for tomorrow’s trading session.
✅ 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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