Morning Update for Subscribers
Decision Day – Breakout or Breakdown Looming?
📢 Morning Update for Subscribers
🔍 Decision Day – Breakout or Breakdown Looming?
📊 Market Overview & Open Pivots:
🔹 $ES Open Pivot: 5827
🔹 $NQ Open Pivot: 20472
Strong close yesterday with buyers pushing to new highs.
Overnight Globex session made a new high, but momentum stalled.
Price retraced perfectly to our Power Pivots at 5815 ($ES) and 20430 ($NQ)—now sitting at a major decision zone.
📌 Key Inflection Points for Today:
✅ Support Zones:
$ES: 5813 → Must hold to keep bulls in control.
$NQ: 20430 → Same story—holding here favors another leg up.
✅ Resistance Zones:
$ES: 5840 → Untraded key level—watch this carefully.
$NQ: 20550 → Next upside level if buyers gain control.
📚 Market Education – When the Market Stalls at a Level:
Stalling at resistance or just below untraded levels (like 5840) often signals two things:
1️⃣ Larger sellers are sitting there absorbing the buy pressure.
2️⃣ Buyers are pausing, reloading for the next move up.The next move often resolves with force—either a breakout or flush back down.
Always mark these levels: "Why hasn’t the market tagged it yet?"
It could mean intentional holding to trap late buyers or an accumulation zone before breaking out.
🔑 Trading Plan – Wait for the Break, Trade the Reaction:
🚀 Bullish Breakout Plan:
Break and hold above 5840 ($ES) and 20472 ($NQ) → Targets 5870s and 20600+.
If the test of 5813 / 20430 holds, look for buyers to step back in and push to new highs.
🔻 Bearish Breakdown Plan:
Failure to hold 5813 ($ES) or 20430 ($NQ) opens the door for a flush.
Targets lower:
$ES: 5780 → 5753 zone.
$NQ: 20300 → 20100.
📌 Final Thoughts – The Battle is Set Between 5813 and 5840:
✔ If lows hold, expect highs to break.
✔ If highs hold, expect lows to break.
✔ Watch volume and momentum near these levels—the resolution should be directional.
🔎 Stay patient, let the market show its hand, and strike when the move confirms!
#MorningUpdate #TradingPlan #ES #NQ #Futures #MarketOutlook