Power Hour Update for Subscribers
Buyers Defend, but Downside Risks Remain
📈 Power Hour Update for Subscribers
🔍 Buyers Defend, but Downside Risks Remain
📊 Market Overview & Power Pivots
Today's session has been a battle between buyers and sellers, with buyers stepping in at key support levels but still struggling to reclaim critical resistance zones.
📌 Power Pivots:
🔸 $ES: 5616
🔸 $NQ: 19636
✅ Key Observations:
$ES remains below 5632, which is keeping upside momentum in check.
$NQ led the recovery after reclaiming 19528, but it hasn’t secured a breakout yet.
The market still looks like it wants more downside, but a daily close above 5670 could challenge that narrative.
🔑 Key Levels & Trading Plan
🚀 Bullish Scenario – Can Buyers Hold the Line?
✅ Buyers must reclaim:
$ES 5632 → Reclaiming this zone could trigger a relief rally.
$NQ 19757 → Key resistance that needs to be broken for further upside.
🔹 Upside Targets if Buyers Take Control:
$ES → 5670 → 5718
$NQ → 19870 → 20000+ retest
How to Trade It:
If buyers can push price above 5632 ($ES) and 19757 ($NQ), it signals a continuation attempt.
If a daily close above 5670 happens, sellers may need to step back.
🔻 Bearish Scenario – More Downside Ahead?
🚨 Key Reversal Triggers:
If $ES stays below 5632 and NQ struggles at 19757, sellers will continue to press.
A close below 5616 and 19636 confirms sellers still control the market.
📍 Key Supports Below:
$ES 5570s → 5520 next downside targets.
$NQ 19528 → 19250 if selling accelerates.
How to Trade It:
If price rejects at 5632 ($ES) and 19757 ($NQ), watch for shorts back toward key supports.
A strong daily close under 5616 ($ES) could trigger another downside leg.
📚 Market Education: How to Identify Fake Breakouts
🔍 Recognizing a False Move vs. a Real Trend Shift
With price action bouncing back and forth today, it's important to differentiate between a real breakout and a fake move that traps traders.
📌 1. Watch How Price Acts at Key Resistance
A true breakout will show strong follow-through, with buyers stepping in on pullbacks.
A false breakout will stall quickly and get rejected, leading to a sharp reversal.
📌 2. Monitor Volume & Pace
Breakouts on high volume suggest commitment from real buyers.
Weak breakouts on low volume often indicate traps.
📌 3. Check for Bull Traps & Liquidity Grabs
A sudden pop above resistance that quickly fails is often a sign of stop hunting.
Watch for price struggling to stay above 5632 ($ES) and 19757 ($NQ).
📌 Final Thoughts – What to Watch into the Close
✔ A close above 5670 could shift momentum in favor of buyers.
✔ Below 5632 ($ES) and 19757 ($NQ), downside remains more likely.
✔ Key levels for further selling: 5570 ($ES) and 19250 ($NQ).
✔ Expect volatility and potential traps—trade with precision!
🔎 Stick to the levels, watch for fakeouts, and let price action guide the way!
#SubscriberUpdate #MarketAnalysis #TrendReversal