Power Hour Market Update for Subscribers
Buyers in Control – Can They Secure 6107?
Power Hour Market Update for Subscribers
📌 Buyers in Control – Can They Secure 6107?
🔍 Overview of Today’s Market Action
Sellers showed a lack of interest early, and prices squeezed higher as a result. Buyers firmly defended 6062, never allowing sellers another opportunity to take control.
Now, heading into the final hour, the key question is: Can $ES close above 6107? A daily close above this level would strongly signal continued upside momentum, while a close below could lead to more balance and consolidation.
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📊 Market Overview & Power Pivots
🔹 $ES Power Pivot: 6090
🔹 $NQ Power Pivot: 21815
These pivots define intraday equilibrium—where buyers and sellers are establishing control.
📍 Key Intraday Structure:
✅ Buyers remain in control above 6062 ($ES) and 21757 ($NQ).
✅ A close above 6107 signals further upside continuation.
❌ Failure to close above 6107 suggests more consolidation and choppy price action.
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🚀 Upside Potential – Bulls Need a Strong Close
🔹 6107 ($ES) – The Key Breakout Level
If buyers hold above 6090 into the close, momentum favors continued upside.
A daily close above 6107 could confirm the next push toward 6131.
$NQ needs to stay above 21815 to maintain strong bullish structure.
🎯 Upside Targets If Buyers Hold Control:
6131 ($ES) → Next major resistance level
21971 ($NQ) → Next breakout target
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🔻 Downside Risks – Where Sellers Could Regain Control
🔻 6075-6062 ($ES) – Key Support Zone
Buyers must keep price above this zone to maintain control.
If price falls below 6062, it could invite aggressive selling pressure.
For $NQ, 21757 is the key support to hold.
📍 Downside Levels to Watch If Sellers Step In Late:
6040 ($ES) → Retest of key support structure
6000-6015 ($ES) → Deeper retrace zone
21650 ($NQ) → First lower support
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📚 Market Education: Why Today’s Close Matters
📌 Understanding Strong vs. Weak Closes
The closing price is one of the most critical data points in trading. Here’s why:
1️⃣ Strong Closes Signal Buyer Commitment:
A close above 6107 signals strong demand and increases the probability of a breakout continuation.
It confirms that buyers are willing to hold their positions into the next session.
2️⃣ Weak Closes Suggest Exhaustion:
If price fails to close above 6107, it could indicate hesitation from buyers and potential chop ahead.
It means sellers still have influence, and price could retrace back to lower supports before another leg higher.
3️⃣ Closing Range Analysis – How to Read the Last Hour
A close near the high of the day = Bullish confirmation, expect follow-through.
A close near the middle of today’s range = Balance, expect more chop.
A close near the low of today’s session = Weak, expect downside potential.
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🔎 Trading Scenarios for the Close
📍 Scenario 1: Strong Close Above 6107 (Bullish Confirmation)
If buyers push price above 6107 and hold into the close, this is a bullish confirmation.
Expect a continuation rally toward 6131 and 21971.
📍 Scenario 2: Choppy Close Below 6107 (Balance & Indecision)
If price stalls near 6090-6100 and fails to close above 6107, expect consolidation before the next move.
Tomorrow’s session will determine the next breakout direction.
📍 Scenario 3: Late-Day Sell-Off (Weak Close Below 6075)
If price breaks below 6075 and closes weak, sellers could push for a retest of 6062.
A close below 6062 could invite downside into midweek.
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📌 Final Thoughts – Eyes on 6107 for the Close
✔ Buyers followed the plan perfectly today, reclaiming 6062 and pushing higher.
✔ The next major test is securing a close above 6107.
✔ Failure to do so could keep the market in a choppy range for the rest of the week.
🚨 Key Takeaways:
🔹 If buyers hold 6090 into the close, expect continued upside tomorrow.
🔹 A close above 6107 confirms strength and targets 6131 next.
🔹 A failure to close above 6107 could lead to more balance and consolidation.
👀 Stay patient, follow the levels, and let price action dictate the next move!