π’ Power Hour Update for Subscribers
π₯ Dip & Rip β A Breakout in Progress or a Trap in Disguise?
β‘ Power Pivots:
$ES: 6147
$NQ: 22418
π Intraday Recap β The Dip Was the Setup
Today delivered the Dip & Rip scenario weβve been tracking all week:
$ES held the key 6105 level
$NQ defended the 22240s
Both triggered aggressive reversals into new highs for the week
From there, the structure played out with precision:
$ES tagged 6150, now eyeing 6162 and 6186
$NQ broke through 22405, clearing 22430s with 22550s in sight
This is classic initiative behavior β rejection of value lows followed by impulsive range expansion.
But hereβs the nuance:
π Initiative moves require continuation.
If buyers stall now, the rally becomes suspect β and the failed breakout setup triggers instead.
π§ Auction Theory Insight β Holding vs Probing
Todayβs breakout move is a probe above value.
Weβve stepped beyond prior highs, but not yet accepted them.
Acceptance = price + time + volume
Without it? β Reversion becomes highly likely.
Thatβs why Power Hour matters:
Itβs not about chasing β itβs about confirming whether this move is real.
π― Key Zones to Watch
$NQ β Nasdaq Futures (Sept):
π Breakout Trigger: 22405 (already active)
π Targets: 22480 β 22550 β 22730
π‘οΈ Support: 22330 β 22240 (must-hold demand zone)
β Failure Trigger: Lose 22330 β opens door to 22130 and lower
$ES β S&P Futures (Sept):
π Breakout Trigger: 6147 β Now holding
π Targets: 6162 β 6186 β 6285 (macro level)
π‘οΈ Support: 6125 β 6105 (must hold for trend continuation)
β Failure Trigger: Lose 6105 β 6080 β 6057 zone test
π Trade Logic β Risk and Reward Structure
If long:
π― Target 1: 6162 / 22480
π― Target 2: 6186 / 22550
π Stop Ideas: Below 6125 / 22330 for intraday, 6105 / 22240 for swing
β³ Confirmation: Clean 5m/30m closes above 6147 / 22418 to stay in the move
If bearish:
π§ͺ Fade attempt only valid on a rejection at 6162/22480 and failure back below 6147/22405
β Risk: shorting into strong structure. Let price prove failure first
π Narrative Context β Buyers in Control... For Now
This market continues to reward resilience and structure.
Buyers showed up exactly where expected
Trapped shorts were forced to cover
Price is now testing breakout zones with momentum
But remember:
π The stronger the squeeze, the more violent the unwind β if it fails.
This is a critical moment for bulls to hold the line.
π§ Scenario Planning
Scenario 1 β Trend Day Extension
Price holds above 6147 / 22418
Pushes through 6162 / 22480 with strength
Closes near highs β momentum sets tone for tomorrow
π Confirmation: shallow dips, continuation patterns, high delta buying
Scenario 2 β Failed Breakout Reversal
Price loses 6147 / 22405 β fails to reclaim
$ES drops back toward 6125 β $NQ to 22330
Late longs get trapped β reversion accelerates
π Watch for: false strength β hard reversal β lower high setup into tomorrow
Scenario 3 β Trap Reversal Then Acceleration
Intraday fade into 6125/22330 β buyers defend again
Second leg rally late in the day β breakout reattempt overnight
π This is the βshake and goβ version of continuation
ποΈ Final Word β Hold It or Fold It
Todayβs rally has structure.
It has participation.
But now it needs to prove it's not a trap.
β Above 6147 / 22405 = breakout is valid
β Below 6125 / 22330 = upside gets shaky fast
β οΈ Lose 6105 / 22240 = trend reversal may begin
Stay tactical.
Donβt chase green β confirm control.
Let price tell you where the strong hands are.
π The market has room to expandβ¦ but also to fake out
Play smart, stay nimble, and respect your levels.