Morning Update for Subscribers
Key Reversal or Breakdown Continuation?
📢 Morning Update for Subscribers
🔍 Key Reversal or Breakdown Continuation? Watch the Close!
📊 Market Overview & Open Pivots
📌 Open Pivots:
🔹 $ES: 5723
🔹 $NQ: 19911
Overnight action followed through on yesterday’s weakness. Prices dipped and made new lows, with $ES testing 5715 and $NQ pressing 19900. But we’re seeing early signs of hesitation from sellers here.
Right now, price is stuck between major inflection points. This is the kind of zone where the market makes up its mind for the next leg—either further breakdown or a sharp squeeze.
📍 Key Trading Levels to Watch Today
🔻 Downside Breakout Triggers:
$ES: 5715
$NQ: 19906
We want to see 1-minute or 5-minute closes below these levels for confirmation of bearish momentum. These are the trigger zones for bigger downside continuation.
🚨 If broken, next targets:
$ES: 5681 → 5630 → 5575
$NQ: 19750 → 19570 → 19300
🚀 Upside Squeeze Triggers:
$ES: 5734 (initial) → 5760s
$NQ: 19971 (initial) → 20100
Above these levels, expect short covering and potential for a relief rally. If buyers hold control into midday, price could build toward a bounce into the upper resistance bands.
📚 Educational Insight – Why 5736 Matters
Today’s session is critical because we’re heading into the weekly close. The weekly candle close above or below 5736 ($ES) will likely set the tone for next week:
Close above 5736 = possible failed breakdown
Close below 5736 = confirms sellers in control
This is what we call a weekly inflection level—where institutional players often commit to larger directional moves.
📌 Final Thoughts – Today’s Game Plan
✔ Sellers need to break 5715 and 19906 with conviction.
✔ Buyers must reclaim 5734 and 19971 to stage a recovery.
✔ The weekly close will be decisive—5736 is the battleground.
✔ Watch short-term bar closes on lower timeframes to avoid fakeouts.
🔎 Stay nimble. It's a Friday, and volatility often picks up late. Protect your gains, stick to clean levels, and don’t force trades.
Let’s finish the week strong.