Power Hour Update for Subscribers
Rally Into the 5580s, What's Next?
📢 Power Hour Update for Subscribers – Rally Into the 5580s, What's Next?
📊 Power Pivots:
$ES: 5590
$NQ: 19664
📌 Overview – Strong Recovery from Morning Lows, Will Buyers Maintain Control?
Prices dipped early this morning, hitting 5520, but that turned out to be the low for the day.
Since our morning update, prices have rallied sharply, and the 5580s target was successfully reached as expected.
📌 Key Levels for Today:
✅ Upside Targets:
5595 ($ES): Next upside target for breakout.
5630 ($ES): If buyers hold 5585, the squeeze could push prices to this next resistance zone.
19680s ($NQ): Look for NQ to show strength for further upside.
✅ Downside Levels:
5578 ($ES): Bears need a close below this level to regain control.
5520 ($ES): The morning lows held strong, but a breach below would signal a breakdown.
📌 Trading Plan for Today:
📍 Scenario 1: Strong Close Above 5595
Look for long setups targeting 5630 and possibly higher.
Confirmation with strong momentum and a steady close above 5595.
📍 Scenario 2: Reversal Below 5578
If price closes below 5578, it signals downside continuation.
Next downside levels: 5520 → 5500.
📍 Scenario 3: NQ Strength Follow-Through
If NQ starts catching up with $ES, it can accelerate the upside.
**Look for a **close above 19680s to indicate further upside.
📚 Educational Insight – Managing Volatile Market Conditions
📌 Intraday Volatility & Maintaining Control:
Intraday volatility can make it challenging to hold positions, especially with sharp price swings.
Focus on key levels—don't let the noise distract you from where price is headed in relation to strong support/resistance zones.
📌 What Makes a Rally "Sticky" vs. a False Breakout:
A sticky rally means buyers are consistently holding above key levels, even after short-term pullbacks.
A false breakout occurs when price fails to hold above breakout levels, often reversing and trapping buyers.
The key to distinguishing them is price action near resistance levels (such as 5595).
📌 Risk Management – Sticking to the Plan:
Trade your plan, not the noise.
When trading in volatile markets, stick to your key levels and have stops in place to limit risk if the market moves against you.
🔥 Final Thoughts – Staying Nimble, Keeping Perspective
5578 is critical today—closing above it signals the rally will likely continue into 5630s.
NQ's lagging behavior needs to reverse for continued upside; monitor that closely.
Expect volatility, but don't chase the market—let price confirmation come to you.
🚀 Stay disciplined, stay strategic, and trade the levels!
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