Morning Update for Subscribers
Thursday Chop Incoming – Can Buyers Defend the Recent Rally?
📢 Morning Update for Subscribers
🔍 Thursday Chop Incoming – Can Buyers Defend the Recent Rally?
📊 Market Overview & Open Pivots:
📌 Open Pivots:
🔹 $ES: 5704
🔹 $NQ: 19830
✅ Recap:
Markets rallied strong yesterday but closed weak under the key 5753 ($ES) resistance.
Rejection at 5780s ($ES) capped the upside for now.
Overnight session retraced heavily, giving back a chunk of the rally—classic reminder of how fragile this market is.
📌 Key Inflection Levels for Today:
✅ Upside Resistance:
$ES: 5753 → 5780
$NQ: 19960 → 20100
🔻 Downside Support:
$ES: 5681 → 5649
$NQ: 19757 → 19600
⚠️ Weekly Closing Level to Watch: 5736 ($ES)
A weekly close above could shift momentum back toward the bulls.
A close below suggests more downside risk and failed rally attempts.
📚 Market Education – Why Thursdays Are Tough:
Thursdays tend to be the most difficult day for day traders—high volatility, fakeouts, and trap setups.
It's often "Murphy’s Law Day"—if something can go wrong, it will.
Key Tip: Avoid getting chopped in the middle of the range—only trade clean breakouts or breakdowns.
🔄 Reminder:
Markets hammered out a bottom this week, but the overnight pullback reminds us not to be complacent.
Big reversals often happen when everyone starts feeling comfortable.
Watch closely for a pop and drop setup today: test resistance and then a sharp drop to break support.
🔑 Trading Plan for Today:
🚀 Bullish Scenario:
Reclaim 5753 ($ES) and 19960 ($NQ) to re-open the door for another push toward highs.
If this happens, watch for buyers to target 5780 ($ES) and 20100 ($NQ).
🔻 Bearish Scenario:
Failure below 5681 ($ES) and 19757 ($NQ) triggers another downside leg.
A break of these levels could test 5649 ($ES) and 19600 ($NQ).
📌 Final Thoughts – Stay Patient & Avoid the Chop:
✔ Thursday is a trap-heavy day—protect your capital.
✔ Weekly close above 5736 is the real battle this week.
✔ Expect a pop-and-drop setup today—test resistance and then fade.
✔ Watch price action closely, especially afternoon session reversals.
🔎 Stay nimble, respect the plan, and trade the levels.