Power Hour Update for Subscribers
After the Peak – Holding Bias or Breaking Down?
📢 Power Hour Update for Subscribers
🎯 After the Peak – Holding Bias or Breaking Down?
⚡ Power Pivots:
$ES: 6139
$NQ: 22419
📉 Intraday Recap – The Pullback Begins
After nailing our upside targets at $ES 6162 and $NQ 22550, the market topped out in the first 10 minutes of regular trading hours.
Since then, we've been in a controlled intraday downtrend:
$ES pulled back toward 6130s
$NQ faded steadily off highs, now hovering near the daily bias zone at 22405
Despite the selloff, this isn’t panic — it’s rotation after an extended trend up. The pullback has been relatively tame in context of the vertical rally that preceded it.
🧠 Auction Market Theory Insight – Testing Value After Expansion
The market expanded above prior value (yesterday’s range), tagged our bull targets with precision, and is now testing acceptance at higher prices.
The key now is whether this was a successful value migration, or just an overextension with no follow-through.
Intraday sellers are responsive, not aggressive — yet.
But that could change quickly if we close below the daily bias levels:
$ES 6138
$NQ 22405
Those are the lines in the sand heading into the close.
🎯 Closing Range Targets
Upside Power Hour Potential (if buyers step in):
$ES: 6150
$NQ: 22460
These zones would represent reclaim attempts — but they need initiative buyers to step in, not just short-covering.
Downside Targets (if sellers press into close):
$ES: 6120
$NQ: 22360
Failure to hold 6138 / 22405 into settlement could open the door to deeper retracements in tonight’s Globex session.
📌 Contextual Commentary – What This Pullback Means
This is the first meaningful pause after a multiday melt-up
$ES and $NQ both achieved upside extension targets from this week’s roadmap
What happens next depends entirely on how we close today
A close below bias suggests the rally is out of steam
A reclaim of power pivots signals dip-buyers are still in control
This isn’t a place to force trades — it’s a moment to listen to structure and position for either:
Continuation (above 6150 / 22460)
Distribution and liquidation (below 6120 / 22360)
🎙️ Final Note – The Rally Is Fatigued, But Not Broken (Yet)
We've reached exhaustion zones — but the selling so far is orderly.
If bears want control, they must defend below 22405 / 6138 into the close.
If buyers want to press the trend, they'll need to invalidate the selloff with a strong reclaim into settlement.
Watch the final 30 minutes closely. That’s when real positioning shows up.
📌 Let price confirm your conviction.
📌 Don’t trade the breakout from yesterday — trade the balance forming today.
📌 If in doubt, wait. Let the market tip its hand.