Power Hour Update for Subscribers
Day 1 of the Breakdown – Signs Point to More Downside
📢 Power Hour Update for Subscribers
🔻 Day 1 of the Breakdown – Signs Point to More Downside
📊 Power Pivots
🔹 $ES: 5742
🔹 $NQ: 20035
📉 Price Action Recap
The market attempted to rally earlier but failed to reclaim broken support, particularly around 5795 ($ES) and 20380 ($NQ). This failure added fuel to the fire and confirmed that sellers are in control.
Price has stuck around the lows all session, showing the first signs of acceptance at lower value—a key precursor to potential continuation.
$ES tagged our downside target at 5720, which is currently the session low.
$NQ hovered near 20000, staying pinned under resistance all day.
📌 Key Levels Into the Close
🔻 For $ES:
A daily close below 5736 reinforces the idea of a trend shift and continuation lower.
Back-to-back closes under 5795 signal a confirmed failure of support.
🔻 For $NQ:
Stuck below 20100 → more downside probable.
Watch for slippage into the 19700-19570 zone if sellers press tomorrow.
📚 Educational Insight – “Acceptance vs Rejection”
When prices sell off and stay near the lows, it means the market is accepting lower value. This is different from a spike down followed by sharp recovery (rejection).
➤ Acceptance at lows = continuation likely
➤ Rejection at lows = reversal or consolidation
Today is showing acceptance, not rejection.
📌 Final Thoughts – Setting the Tone for Tomorrow
✔ Two consecutive closes below 5795 ($ES) would be the first sustained bearish signal since the March rally began.
✔ A close below 5736 confirms sellers are serious and opens the door to 5630, then 5570s.
✔ For $NQ, staying under 20035 and 20100 keeps pressure on and targets 19700, 19570, and eventually 19300.
🔥 Momentum is shifting. Stay tactical, and don’t chase. Let the breakdowns confirm.
See you in the morning.