Power Hour Update for Subscribers
Grinding Higher – 5820 Remains the Battleground
📈 Power Hour Update for Subscribers
🔔 Grinding Higher – 5820 Remains the Battleground
📊 Power Pivots:
🔹 $ES: 5807
🔹 $NQ: 20354
✅ Overview:
Buyers controlled most of the session, keeping prices pinned near the highs.
5820 ($ES) continues to act as the key battleground level—multiple tests with no clean break yet.
$NQ is holding strong above 20354, showing buyers still in control heading into the close.
📌 Key Levels & Scenarios for Power Hour:
🚀 Bullish Breakout Watch:
A clean break and hold above 5820 ($ES) and 20405 ($NQ) opens the door for a fast squeeze.
Targets:
$ES: 5860 → 5903
$NQ: 20485 → 20550
🛑 Bearish Rejection Risk:
Failure to break 5820 with repeated tests could spark late-day profit-taking.
Watch for any sharp rejection back below 5807 ($ES) / 20354 ($NQ) to signal sellers stepping in.
Support retests:
$ES: 5784 → 5770
$NQ: 20261 → 20200
📚 Educational Note – Watching Repeated Tests of Resistance:
Repeated returns to a resistance level like 5820 are often a sign of building pressure.
Sellers absorb, but each retest weakens their position—eventually, buyers overwhelm them.
If buyers fail on the breakout attempt, it creates the perfect trap for a fast drop.
Power Hour is prime time for these breakouts or traps—stay focused on reaction, not prediction.
📌 Final Thoughts – Closing Watch:
✔ 5820 ($ES) is the key trigger level—how the market closes around this area will set the tone for tomorrow.
✔ Buyers stayed aggressive all day, but lacked that final push—watch for the breakout or trap.
✔ If buyers win, expect a fast move to 5860s and 20485+.
✔ If sellers push back, failure to hold above 5807/20354 can start a pullback into the close.
🔎 Stay nimble—Power Hour often defines the next session’s direction!
#PowerHour #MarketUpdate #TradingEducation #PriceAction