Market update & Focuslist - 10/02

Evening Market Update & Strategic Insights

Oct 03, 2024

∙ Paid

Good evening, everyone!

Enjoy tonight’s report.

Cheers, Alex! ✌️

Tonight’s report content

Market Analysis
Sectors & Themes Analysis
Focuslist including setups, alert levels & explanation (long & short)
Scans (technicals, fundamentals & potential TMLs)
My Portfolio Update + bi-weekly full positions update
Economic & Earnings Calendar

PrimeTrading is an equity SWING trading community to learn & trade alongside experienced traders. It's like sneaking into a trader's POD, where you can see us execute & discuss...but in ours, you can also interact and ask questions.

I would have killed for such an opportunity when I started trading! 🔥

Education & mentoring from Alex & experienced traders. (10 Experienced Traders team)
See how I execute intraday while I share all my trades with explanations live.
Alex's daily market commentary, Portfolio updates, trade explanations, and daily FocusList.
Share & Discuss potential trade ideas with an amazing, like-minded community.
Talk Sectors, Macro Economy, Cryptocurrencies & much more!
Talk about mental game & psychology to evolve as a trader!
Live trading and Q&A live sessions 2x week.

Trade & learn with us, from Novice to Expert!

Join the Discord community!

Cheers, Alex 🛡️✌️

MARKET ANALYSIS

Breadth contraction is following through below the 10dma today, and we see an acceleration in the rate of change as well. (MCC osc)

Sure, the market can go higher from here as we’re getting close to an ST oversold reading, but with MT/LT breadth that elevated in OB condition and MCSI accelerating below the 10dma, that's fighting the wrong fight for me on the long side. Flip that breadth extension chart upside down, and that's where I want to look for intermediate long swing.