Alex's daily Market update & Focuslist - 05/11
Mixed day with mega-caps lifting the market again.
Good evening guys,
Let’s get ready for tomorrow!
Alex ✌️
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GENERAL MARKET ANALYSIS
NASDAQ (NQ_F) Daily
Price Action Analysis:
NQ opened weak, but quickly found support and got back to green, and made a new high, confirming the follow-through.
We are in an uptrend, above all kma’s.
13583$ in the next potential resistance level I’ll watch.
RUSSELL 2K growth (IWO) Daily
Price Action Analysis:
IWO is a totally different story as we gapped below the 224.45$ and have never been able to reclaim it. We remain in the last 5 day’s range and in the 10/21c, but this is not the follow-through I wanted to see today.
Tomorrow will be very important, IMO. We either reclaim those kma’s and push higher again or break down below the recent range and potentially retest the 219.38$ level.
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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