Power Hour Update for Subscribers
Repeat of Yesterday or Curveball Incoming? Let the Close Decide.
📢 Power Hour Update for Subscribers
🎯 Repeat of Yesterday or Curveball Incoming? Let the Close Decide.
📊 Power Pivots:
• $ES: 6406
• $NQ: 23480
🧭 Market Overview — Déjà Vu, but with a Twist
Today mirrored yesterday's structure almost perfectly:
• Globex rally ✅
• RTH open → grind lower all day ✅
• Pressured key supports holding (for now) ✅
• Daily close is once again the battleground
The twist? $NQ made a fresh all-time high this morning, only to reverse and sell off hard since the open.
That divergence between overnight strength and RTH failure adds weight to the pressure on current supports.
📍 Support Test in Progress
Key levels tested today:
• $ES 6408 — critical structure from yesterday
• $NQ 23460s — held several times, but showing fatigue
So far, they’re holding, but not cleanly.
If this pressure persists without a bounce, these supports are likely to break.
🧠 Auction Market Theory Lens — Same Setup, New Intent?
Yesterday's tape sold the rally but managed to close strong.
Today’s tape repeats the same action, but intent may have shifted.
Why?
Because markets rarely do the exact same thing twice — unless there’s an underlying trap or transition.
Today could be the exhaustion leg of this pattern.
If supports give way, expect liquidation toward 6380 and sub-23400s.
If supports hold and close strong? That’s the ignition again.
🎯 Key Closing Scenarios
Bullish Close
• $ES closes above 6415
• $NQ closes inside or above 23530–70
📈 Suggests buyers are still in control
📈 Sets up another Globex push to 6450 ($ES) and 23600s+ ($NQ)
Bearish Close
• $ES closes below 6410–6408
• $NQ closes under 23470
📉 Confirms sell strength
📉 Triggers retrace setups:
→ $ES 6380
→ $NQ 23390–23320 zones
📚 Price Action Education — Repeating Structures Don't Always Repeat Outcomes
A repeat structure tempts traders to expect the same outcome.
But in AMT, intent > pattern.
Today may look like a carbon copy of yesterday, but the fresh NQ high and hard RTH sell tells us intent is testing different ground.
• Repeats invite complacency
• Curveballs punish assumptions
Stay tactical, not predictive.
📌 Final Notes — The Close is the Tell
Today’s close will reveal intent:
• If they want higher, they’ll defend and close strong
• If this was distribution, they’ll trap longs again and close below value
Same script.
New actors.
Don’t trust the pattern — trust the tape.