Morning Update for Subscribers
Key Inflection Points – Can Buyers Maintain Control?
📢 Morning Update for Subscribers
🔍 Key Inflection Points – Can Buyers Maintain Control?
📊 Market Overview & Open Pivots
📌 Open Pivots:
🔹 $ES: 5630
🔹 $NQ: 21706
✅ Bullish Open:
Opening above the pivots suggests a bullish bias for today.
The prior week’s headfake breakdown was met with buying pressure, leading to continued upside momentum.
📌 Key Decision Points:
Buyers need to hold above 5650s ($ES) and 19800 ($NQ) to push higher.
Sellers must defend 5590 ($ES) and 19500 ($NQ) to regain control and continue the larger downtrend.
📚 Market Education: Headfake Moves & Trend Confirmation
🔹 What is a Headfake?
A headfake occurs when price breaks below support (or above resistance) briefly, only to reverse in the opposite direction.
Last week’s move below 5590 ($ES) and 19500 ($NQ) seemed like a breakdown.
But buyers stepped in aggressively, forcing shorts to cover and creating a powerful reversal.
📌 How to Trade a Headfake:
1️⃣ Identify the false breakdown/breakout area.
2️⃣ Wait for confirmation of a strong reclaim back above key levels.
3️⃣ Look for higher lows to confirm buyers are in control.
✔ We are now in the stage where buyers need to prove they can sustain the move higher.
🔑 Key Levels & Trading Plan
🚀 Bullish Scenario – Buyers Take Full Control
✅ Key Upside Resistance Levels:
$ES: 5650 → 5718 → 5780 → 5820
$NQ: 19800 → 20100 → 20550 → 21200
🔹 How to Trade It:
A break and hold above 5650 ($ES) and 19800 ($NQ) opens the door for continued momentum.
Watch for a retest of these levels—if they hold, it’s a sign of buyer strength.
🔻 Bearish Scenario – Rejection & New Lows Ahead
🚨 Key Downside Support Levels:
$ES: 5590 → 5535 → 5500 → 5300
$NQ: 19500 → 19250 → 18800 → 18300
🔹 How to Trade It:
If price fails to hold above 5650 ($ES) and 19800 ($NQ), sellers will likely attempt to regain control.
A daily close below 5590 ($ES) and 19500 ($NQ) would reinforce downside continuation.
📌 Final Thoughts – Today’s Market Outlook
✔ Buyers are in control at the open, but must defend key levels.
✔ A breakout above 5650 ($ES) and 19800 ($NQ) confirms further upside.
✔ Sellers need a strong rejection at resistance to maintain the larger downtrend.
✔ Closing structure today will set the tone for the next major move.
🔎 Stay patient, watch for confirmation, and trade the key levels!
#SubscriberUpdate #MarketAnalysis #KeyLevels