Power Hour Update for Subscribers

Consolidation at the Lows Sellers Still in Control

📢 Power Hour Update for Subscribers
Consolidation at the Lows — Sellers Still in Control

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📊 Power Pivots:
ES: 6390
NQ: 23213

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🧭 Market Overview
Today’s action has been pinned in the lower half of the range, and that’s often a tell that sellers still have the upper hand. The question now is whether there’s enough of a catalyst to push this further into the 6341–6354 ES control zone, or if buyers step back in to defend.

The bias levels to watch are 6402 ES and 23270 NQ. How price behaves around these markers into the close will frame the overnight and tomorrow’s open.

For now, sellers remain in control, but if they fail to drive back under 6484 ES, it begins to look like exhaustion rather than continuation. That failure could act as a green light for buyers, with upside retrace potential into the 6430s ES and 23640s NQ.

Failing to hold these nearby levels, though, reopens the downside path — and that means new lows could be targeted, with NQ possibly probing 22800 again.

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🎯 Key Levels

ES:

• Resistance: 6402 (bias pivot)

• Support: 6390 pivot / 6341–6354 control zone

• Bullish reclaim: Above 6484 signals exhaustion from sellers, upside potential to 6430s

• Breakdown: Below 6390 risks another leg lower

NQ:

• Resistance: 23270 (bias pivot)

• Support: 23213 pivot

• Bullish reclaim: Above 23640 targets retracement higher

• Breakdown: Sub-23213 sets up potential for 23000 → 22800 test

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🧠 Scenario Branches

1. Continuation Down

   • Trigger: Fail at 6402 ES / 23270 NQ and close weak

   • Target: ES 6350s → 6341 zone; NQ 23000 → 22800

   • Confirmation: Persistent weakness at pivots, no responsive buying

2. Exhaustion & Buy Setup

   • Trigger: Hold above 6402 ES / 23270 NQ into close

   • Target: ES 6430s; NQ 23640s

   • Confirmation: Buyers show initiative above pivots, selling slows

3. Neutral / Balance Hold

   • Trigger: Choppy trade around pivots into close

   • Target: Overnight balance range; retest of extremes tomorrow

   • Confirmation: Overlapping bars, muted momentum, sideways delta

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🔚 Final Execution Cue
The market is coiled in the lower half of the day’s range. If sellers fail to press below pivots, it suggests exhaustion — and buyers may find a setup for a squeeze higher. But if price slips and closes weak, sellers keep control and open the door to fresh lows, maybe NQ 22800.

Control is still with the sellers, but the pivots will decide if today’s close sets up continuation or a reversal path.