Market analysis for April 16th, 2024

Yesterday started well for me but by the end of the day three of our four 0DTE's lost and most of our model portfolio was down as well. I gave back 12k of the 14k I made last Friday. Our two earnings trades from yesterday look like they should open in the profit zone.
Today should be fairly light with our trade docket:
CCL, JNJ, LULU, MSTR, SPX/NDX/Event contract NDX/ Bitcoin 0DTE's, PFE, UNH, XBI, UAL, SPY/QQQ.

Sell rating in getting more intrenched.

All the major indices have now breached their 50DMA's.

The Dow and IWM are flirting with losses YTD.

The one week heat map doesn't show much strength anywhere in the market.

Intra-day levels for me;
/ES; 5122/5149/5188/5220 to the upside. 5094/5082/5063/5025 to the downside.

/NQ; 17919/17981/18034/19069 to the upside. 17835/17769/17737/17668 to the downside.

Bitcoin; 60588 key support. 52685 bottom target. 74549 top target 

My lean for today is neutral to slightly bearish;

Trade well my friends. Have a great day.