Power Hour Market Update for Subscribers
Testing Key Levels Into the Close
📉 Power Hour Market Update for Subscribers
🔻 Testing Key Levels Into the Close
Markets respected our 5850 ($ES) and 21500 ($NQ) downside levels, which marked the session’s low before a modest recovery. However, upside momentum was capped at 5915, preventing a stronger rally.
With only an hour left in the session, all eyes are on whether we close above or below key inflection levels.
📊 Market Overview & Power Pivots
🔹 $ES Power Pivot: 5879
🔹 $NQ Power Pivot: 20612
🔻 Downside Risk – Maintaining the Bearish Trend?
📍 5869-5884 ($ES) – Key Battle Zone Today
This range saw significant back-and-forth action.
A close BELOW 5869 reinforces seller control, increasing odds of another leg lower next week.
If this zone gives way, watch for a move toward 5823 as the next downside target.
📍 20500-20475 ($NQ) – Must-Hold Support
If this area breaks, expect 20300 as the next potential flush zone.
📍 Weekly Close Below 5895 Signals Deeper Pullback
5895 has been a key pivot this week.
A weekly close below 5895 could suggest more downside continuation into next week.
🚀 Upside Potential – Can Bulls Hold & Recover?
✅ A Close Above 5869-5884 Suggests Relief Rally Still in Play
Bulls need a daily close above 5869 to keep upside alive.
If achieved, we could see another attempt at 5915 next week.
✅ Key Upside Level: 5915
The ceiling for today’s rally—needs to be broken for a sustained bounce.
If reclaimed, next target is 5962.
✅ NQ Holding 20600+ Supports the Bull Case
If Nasdaq holds above 20612, it increases the probability of a higher close and potential continuation next week.
📚 Market Education: The Importance of the Weekly Close
📝 Why Do Weekly Closes Matter?
Weekly closes help determine broader market trends.
A close below key levels (like 5895) reinforces bearish sentiment.
A close above battle zones (like 5869-5884) suggests stabilization and a potential short-term bottom.
🔍 What to Watch for Next Week?
Consecutive closes below 5895 → Expect continued weakness.
Reclaiming 5915-5962 → A signal that bulls are regaining control.
Nasdaq holding above 20600 → A sign of risk appetite returning.
📍 Final Thoughts – Preparing for Next Week
✔ Bearish case: A close below 5895 continues the downtrend.
✔ Bullish case: Holding above 5869-5884 could suggest relief upside.
✔ Neutral case: If we close near 5895, expect more chop before the market picks a direction.
📌 Let’s see where we land—position accordingly and be prepared for the next big move! 🔥