Alex's daily Market update & Focuslist - 04/11
Market indecided before inflation numbers & FOMC minutes
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GENERAL MARKET ANALYSIS
NASDAQ (NQ_F) Daily
Price Action Analysis:
NQ was rejected again at the DTL last night and opened exactly where we closed today. It was an uneventful and range day. The market is waiting for the important CPI (inflation) report & FOMC minutes tomorrow.
Check the bullish & bearish scenarios below for direction confirmation following the CPI report tomorrow morning.
NQ_F is still above ALL KMA’s - uptrend.
On the upside (bullish scenario),
The 13331$ previous swing high pivot will be the level to watch to confirm an upside continuation.
On the downside (bearish scenario),
12949$ level has to hold.
S&P500 (ES_F) Daily
RUSSELL 2K (RTY_F) Daily
LIQUID LEADERS (PRICE ACTION ANALYSIS)
The mega-caps were under pressure today as we could not hold the open and acted weak all day. We are still respecting key levels, so the CPI reaction tomorrow will be important for further direction.
MSFT -Daily
Gap at the 10dma and could not bounce off the 283.33$ base level. This will be a level to watch tomorrow morning.
AAPL -Daily
It could not stay above the 162.14$ base level as well as we closed in the 10/21c and above yesterday’s low. Still healthy, but tomorrow we need to see a bounce from that area if we went to continue trending higher.
NVDA - Daily
It was unable to hold the gap and drifted down at the 10dma as we rejected the 275.89$ base level on a lower high.
META - Daily
Still inside day.
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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