Alex's daily Market update & Focuslist - 03/13
CPI report tomorrow, buckle up!
Good evening!
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Alex ✌️🙏
GENERAL MARKET ANALYSIS
S&P500 (ES_F) Daily
Price Action Analysis:
What a wild day!
After very strong action (and a 5dma & 3964$ retest) on the futures on Sunday night, we rolled over, and ES_F broke below 3855$ before the market opened. The market then rallied more than 2.5% and finished the day almost flat.
The 3898/3855$ support area was held for a second day today. This area is strong so far.
The market is waiting on tomorrow’s CPI (inflation) to pick a direction at this very important level.
We know we’re still below the 5dma and all kma’s, so the downtrend remains strong—level by level, day by day.
On the upside,
I will be looking at the 3964/4016$ resistance area as a place where the market could rally ST. If we do, I will look at signs of reversal for a potential downtrend resumption.
On the downside,
The 3855$ level might again act as potential support tomorrow. Also, Friday’s low will be a level to watch if we can’t hold that area.
NASDAQ (NQ_F) Daily
RUSSELL 2K (RTY_F) Daily
POTENTIAL SUPPORT/RESISTANCE LEVELS (ES/NQ)
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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