Power Hour Update for Subscribers
Strong Close or Fading Rally?
📢 Power Hour Update for Subscribers – Strong Close or Fading Rally?
📊 Power Pivots:
$ES: 5718
$NQ: 20268
🧭 Market Recap & Context
Markets did what they needed to today: defend key levels and press higher into major resistance. We finally got our target hit at 5738, printing a high of 5741 before stalling. It was a textbook exhaustion move at a key level—buyers hit their objective and took profits, which led to the modest fade off the highs.
Still, $ES remains above the critical 5697 level, and that keeps the bullish case alive into Friday. This zone has served as a launching pad all week and continues to be the line in the sand for buyer control.
$NQ also flirted with our profit-taking zone at 20300, pushing as high as 20340 before pulling back. It’s been the stronger index all session, helping to hold sentiment firm.
📌 Closing Outlook
$ES Key Levels:
Support: 5697 → 5671 → 5630
Resistance: 5738 → 5780
Control Zone: 5697–5718
A close above 5697 continues the bullish structure. A fade below 5671 before close would be a warning sign for tomorrow.
$NQ Key Levels:
Resistance Zones: 20300 → 20405
Support: 20212 → 20100
Control Zone: 20268–20300
20300 and 20405 remain ideal profit-taking and reversal zones. We need to see how price behaves around 20300 into the close—holding above would suggest more squeeze ahead, while fading would open the door for a deeper pullback.
📚 Educational Insight: Reversal After Target Hits
Whenever the market reaches a well-telegraphed level, like 5738 on $ES:
Expect profit-taking and traps.
Many buyers will use that level as a “sell to close” zone.
If sellers are serious, this is where they must show strength.
But remember: just because a level was hit doesn't mean it's a top. It becomes a pivot—a marker for the next decision. If bulls fail to reclaim momentum on a dip, the rally can break. If sellers hesitate or stall, shorts get trapped and the squeeze continues.
📌 Tomorrow’s Setup Preview
A daily close above 5697 (ES) and 20300 (NQ) suggests more upside toward 5780 and 20550.
A rejection and fade back below 5671 (ES) and 20212 (NQ) could trigger short setups for a move back to 5630 or even 5500, especially if buyers lose steam overnight.
Watch for Friday whipsaws, especially after this week's massive moves.
🔚 Final Thoughts
Today’s power move completed several upside objectives. Now we monitor whether this is just an end-of-week exhaustion rally—or a real breakout that continues into month-end.
Stay nimble, protect gains, and remember: closing structure gives us tomorrow’s edge.
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