Morning Update for Subscribers
Market Overview & Key Inflection Points
📈 Morning Update for Subscribers
🔍 Market Overview & Key Inflection Points
After last week’s momentum, the market remains in a bullish posture heading into today’s session. The open pivots suggest that as long as buyers defend key levels, we could see continued upside movement. However, if buyers fail, we could be looking at a deeper retracement before any further rally attempts.
📊 Open Pivots:
🔹 $ES: 6155
🔹 $NQ: 22305
A sustained open above these pivots suggests a bullish day ahead. However, we need to see whether buyers continue pressing higher or if sellers step in to take profits.
🚀 Trading Plan & Key Levels to Watch
1️⃣ Upside Potential – What Buyers Need to Maintain Control
🔹 6128-6144 ($ES) & 22160 ($NQ) – Key Support Zones
This is the area where buyers should step in to continue the rally.
If buyers defend these levels, we could see an extension higher into:
6180-6200 ($ES)
22400+ ($NQ)
🔹 Daily Close Confirmation:
A daily close above 22300 ($NQ) would indicate strong bullish continuation potential for the coming sessions.
If price holds above 22160 today, it supports a strong move toward new highs.
2️⃣ Downside Risks – What Sellers Need to Take Control
🔻 Failure to hold 6128-6144 ($ES) & 22160 ($NQ)
This would shift momentum in favor of sellers.
Target 1: 6095 ($ES) & 21971 ($NQ) – First downside targets if buyers fail.
Target 2: A close below these levels could open the door for further downside later this week.
📚 Educational Insights: Understanding the Implications of Holding vs. Breaking Support
🔹 Why 6128-6144 & 22160 Are Key Levels
These zones represent the battlefield between bulls and bears at current price structure.
Holding these zones suggests buyers are in control and the market is gearing up for another push higher.
A failure to hold and close below suggests distribution, where institutions and larger players are unwinding positions and shifting momentum downward.
🔹 How to Trade a Support Hold vs. a Breakdown
✅ If support holds:
Look for higher lows and buyers stepping in with strong volume.
Breakout trades can be taken on confirmed strength above key levels.
Example Setup: Buy near support with a stop below the range.
❌ If support fails:
A breakdown below support with momentum confirms the reversal.
Look for lower highs and failed retests of previous support turning into resistance.
Example Setup: Sell breakdowns or failed retests of previous support.
🔎 Final Thoughts & Trading Strategy for Today
Buyers remain in control as long as 6128-6144 ($ES) and 22160 ($NQ) hold.
A daily close above 22300 ($NQ) suggests further upside potential toward 22400+.
If sellers step in and break 6128-6144 ($ES) & 22160 ($NQ), downside targets are 6095 and 21971.
Stay flexible and watch how price reacts to these levels before committing to a directional bias.
Let’s stay sharp and make it another great trading day! 🚀🔥