📢 Power Hour Update for Subscribers
🔹 Power Pivots:
$ES 5696
$NQ 19906
The market is showing signs of strength, and we should see more follow-through to the upside as buyers gain control. The rally is beginning to gain traction, but key levels still need to hold to confirm continuation.
📊 Key Levels to Watch
✅ Upside Targets – Bullish Continuation
5720s ($ES) & 20100 ($NQ): These are the next big resistance zones. If buyers can push through, momentum can accelerate.
A daily close above 5725 ($ES) & 20150 ($NQ) would solidify a short-term bottom.
❌ Downside Risks – Signs of Weakness
Below 19800 ($NQ) & 5695 ($ES), the rally is at risk of failing.
If sellers step in and push prices back under these levels, expect another leg down.
Major downside levels: 5661 ($ES) & 19720 ($NQ).
📌 Trading Plan & Market Structure
🔹 Bullish Scenario:
If prices hold above 5696 ($ES) and 19906 ($NQ), the rally can extend to 5720s and 20100.
A strong close near these levels would suggest buyers are stepping up.
🔹 Bearish Scenario:
Any sustained move below 5695 ($ES) and 19800 ($NQ) can open the door for another flush lower.
If selling pressure increases, the market could aim back toward 5660s and even test 5600 again.
📚 Educational Insight: Spotting Early Weakness in a Relief Rally
Not all rallies are true reversals. Some are simply relief bounces before another move lower. Here's how to tell the difference:
✔️ Strong buyers = higher lows & consolidation near resistance.
✔️ Weak rallies = rejection at resistance & choppy price action near support.
✔️ Volume & speed: If price moves up but with weak volume and slow pace, it's a warning sign.
🚨 Final Thoughts:
Bulls are in control for now, but they must defend key levels to keep the rally alive.
Watch the close – a daily close above 5725 ($ES) and 20150 ($NQ) confirms further upside.
Failure to hold support may trigger another wave of selling.
🔎 Stay focused & trade with discipline!
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