📢 Power Hour Update for Subscribers
Drill Down or Launchpad? The Inflection Point into the Close
⚡ Power Pivots:
$ES: 6032
$NQ: 21917
📈 Market Recap
Today was a test of conviction — both sides had moments of control, but only one came back with initiative.
Early session dips looked like the beginning of liquidation
$ES tagged 6005, and $NQ briefly pressed into 21760s
But those dips were liquidity grabs, not trend initiations
Buyers re-entered aggressively:
$ES reclaimed 6015, then 6040, and is now pressing even higher
$NQ pushed through 21840, now sitting near 21950
This was a classic shakeout-then-squeeze structure —
Real sellers got paid on the early dip
But staying short through the recovery was costly
🔍 Auction Market Theory Insight – Reversal Within Structure
We’ve talked all week about Double Distribution Environments, and today reinforced the principles:
The lower distribution (6005–6015) rejected
Price re-entered the upper distribution (6015–6040)
The market found imbalance above, not below
In auction terms:
This is a failed breakdown, followed by responsive buying and now an initiative breakout test.
Think of it like this:
Value was attempted lower…
It was denied…
Now price is retesting acceptance at the top of range — with pressure
🎯 Key Levels
Upside Targets:
$ES: 6040 → 6070 → 6089
$NQ: 21971 → 22076 → 22149 (multi-year high zone)
Downside Support:
$ES: 6015 → 6005
$NQ: 21860 → 21770
Breakout Bias:
A daily close above 6040 ($ES) or 21930 ($NQ) confirms intent for more upside into tomorrow or early next week
But beware: reversals at highs are common after big moves — especially on Thursdays into Friday
⚠️ Structural Notes
Reclaim of Structure:
Buyers needed to reclaim 6015 and 21840 — they did. That matters.Inefficient Auction Conditions:
The double distribution means the auction isn’t complete — it’s exploratory
→ Can lead to wild, extended moves, especially in low-volume, emotional marketsShakeouts Create Opportunity:
Today’s early dip wasn’t failure — it was preparation. It cleared out weak hands and rebalanced the auction.
This isn’t a trending day by the book —
It’s a real market move, complete with traps, tests, and validation
🧠 Scenario Mapping
Scenario 1 – Bullish Continuation
$ES holds above 6032, $NQ holds above 21917
Pushes through 6040 → Targets 6070 / 22100+
Watch for momentum continuation into overnight session
Scenario 2 – Failed Breakout
Price loses 6015 / 21860 into the close
Could retrace to 6005 / 21770
Sets up another failed squeeze → trap long liquidation
Scenario 3 – Gap-and-Fade Trap
Market closes at or near highs
Gaps up overnight
Fades tomorrow morning → backfills → potentially rotates into Friday
🎙️ Final Word – The Market Just Made a Decision
This wasn’t luck.
This was structure playing out — at a key inflection zone.
We’re either about to:
✅ Launch into a new leg higher
🚫 Or trap everyone chasing and unwind fast
The edge comes from being prepared for both.
This is why we map structure.
This is why we stay disciplined.
📌 Let structure lead.
📌 Let price confirm.
📌 Know your zones — and don’t flinch.
🎯 Stay sharp, traders. This market is alive.