Alex's daily Market update & Focuslist - 05/08
One day's left before CPI!
Good evening guys!
I hope you stayed safe today. Let’s get ready for tomorrow now!
Alex ✌️
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GENERAL MARKET ANALYSIS
NASDAQ (NQ_F) Daily
Price Action Analysis:
NQ made a new high today as we retested the base area and reclaimed Friday’s high pivot late in the day to close near the highs.
Today might be a BORS setup if we follow through on that retest tomorrow. I would like to see a continuation higher from here, as we have already retested the base area. If we don’t, then it would be a red flag.
RUSSELL 2K growth (IWO) Daily
Price Action Analysis:
IWO still builds at the DTL, 72/89c, and 2w ago gap. On the bright side, we retested and held the 224.45$ level and 10/21c today. We are probably building until CPI on Wednesday, so we can expect another tight day or an inside day tomorrow. That would be healthy & constructive.
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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