Power Hour Update for Subscribers
Final Stretch – Monday Power Moves
📈 Power Hour Update for Subscribers
🕒 Final Stretch – Monday Power Moves
📊 Power Pivots:
🔹 $ES: 5622
🔹 $NQ: 19322
After a heavy gap down and early session weakness, prices staged a sharp recovery off the lows. $NQ led the reversal after hitting fresh 2024 lows, tagging our key downside targets, and then bouncing aggressively. Once prices reclaimed the Open Pivots, it triggered further upside momentum — classic intraday squeeze behavior.
📌 Intraday Recap & Current Setup
$NQ dropped first, reached our 19100s zone, and that marked the low. Buyers stepped in hard.
$ES followed, reclaiming 5575 and squeezing toward the Power Pivot at 5622.
The bounce shows sellers may be exhausted short-term, but we’re not out of the woods yet.
🔑 Key Into the Close: Watch the Closes!
🔻 $NQ 19300 → If sellers can close below this level, it reinstates the larger downtrend and pressures new lows.
✅ $NQ 19322+ → A close above the Power Pivot confirms buyer strength and keeps the squeeze alive.
🔻 $ES 5595–5622 → This band will act as the battleground into the close.
If buyers hold 5622, we could see a further push tomorrow to test 5675/5710.
A close under 5595 keeps downside risk intact toward 5535/5500.
📚 Educational Insight: The Mechanics of a Short Squeeze
Today is a great example of why shorting into weakness can be risky:
Once NQ tagged downside targets, shorts began covering.
At the same time, trapped breakout shorts above the open were forced to cover.
Add in fresh long buyers and the rally accelerates quickly.
Takeaway: Markets often reverse after hitting a key level, especially when accompanied by failed follow-through.
This is why we don’t chase — we anticipate, we don’t react.
📌 Trading Plan for the Close
✅ If Price Holds Above Power Pivots:
Expect continued pressure toward upper resistance:
$ES: 5660 → 5684
$NQ: 19570 → 19757
❌ If Price Rejects Power Pivots and Fades:
Watch for traps → Any break back below:
$ES 5595 → Target: 5535
$NQ 19196 → Target: 18980s
📌 Final Thoughts
The trend is still down, but today’s bounce was strong.
Into the close, watch for signs of failure or continuation.
A close above Power Pivots shifts short-term momentum back to the bulls.
If sellers defend here, it sets up tomorrow as a potential reversal day back lower.
Stay sharp into the final hour. Price is telling the story — all we have to do is listen.