Power Hour Update for Subscribers
Holding the Gains, But Chop Zone Persists
📢 Power Hour Update for Subscribers – Holding the Gains, But Chop Zone Persists
📊 Power Pivots:
$ES: 5853
$NQ: 19919
Today's session has been all about holding gains. After a sharp premarket rally fueled by overnight headlines, we saw a steady intraday downtrend from the highs—but importantly, no full rollover. That alone gives buyers a slight win, despite some solid short setups intraday.
Buyers managed to hold onto nearly 3% gains for most of the day. Sellers succeeded in pressing price lower—about 60pts off the highs—but every test of breakdown fizzled. It’s a clear sign that the market still wants higher, at least until sellers show more initiative.
📌 Current Range Structure: 5829 – 5877
5829: Support and lower edge of value zone.
5877: Resistance and upside pivot.
5853: Midpoint chop zone and Power Pivot level.
We’ve seen a clean rotation between these zones all session. A strong move into the final hour could break out of this compression range and offer directional clues for tomorrow.
🧠Tactical Insights
Close > 5853: Signals buyers remain in control → Look for breakout attempts into 5877+
Close < 5829: Bears regain short-term control → Could lead to a snapback into 5780s
Failure to hold midpoint (5853): Signals weakness in buyers and risk of late-day liquidation
📖 AMT Takeaway: Value Building After Headline Moves
What we’ve seen today is classic auction rebalancing after an impulsive move:
Buyers marked up price on news.
Market is now deciding whether that markup is accepted (i.e., value builds higher), or if it was emotional and should be faded.
The chop between 5829–5877 is the battleground for this decision.
âš Final Thoughts
The session didn’t roll over. That’s meaningful.
Power Hour close above 5829 keeps the door open for another breakout attempt.
A fade into the close under 5829 could be the first warning sign of profit-taking into tomorrow.
Keep your eyes on volume and pace in the final 15 minutes.
Trade smart. Fade the extremes. Respect the levels.
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