Power Hour Update for Subscribers
Fed Move Fizzles as Prices Fade
📢 Power Hour Update for Subscribers – Fed Move Fizzles as Prices Fade
⚙ Power Pivots:
$ES: 5625
$NQ: 19818
The Federal Reserve held rates steady, as expected. The market initially spiked higher on the announcement but quickly reversed as the realization set in that nothing new or dovish was delivered.
This "news spike" was completely erased, a classic trap for emotional traders. The fade confirms what we always say: “It’s not the decision, it’s the reaction.”
📌 Key Levels Into the Close
📉 Downside Confirmation: A close below 5616 would solidify the bear case and open the door toward 5571, the next key target.
📈 Upside Bias: If buyers can reclaim and hold above 5641, it sets the stage for a possible rebound back toward the upper part of the range.
⚠ Intraday Pivot to Watch: 5605 – the bottom of the Fed news spike. If this breaks, it could accelerate liquidation into the close or tomorrow’s open.
🎯 What to Watch
Volatility remains elevated. Don’t be lulled by sideways movement—the next move could be fast and violent.
Market sentiment flipped bearish intraday, despite an initially bullish response.
If 5605 fails and sellers hold the tape, expect liquidation into 5571, with an outside chance of pushing lower into 5530s this week.
🧠 Final Thoughts
Fed days often set up the real move the next session, but today we’re already seeing clues that buyers may be retreating. Keep risk tight into the close. The fade from the high was your tell.
Stay nimble and protect your edge.
#FuturesTrading #ES #NQ #PowerHour