Power Hour Update for Subscribers
Market Overview & Power Pivots
📉 Power Hour Update for Subscribers
🔍 Market Overview & Power Pivots
$ES Power Pivot: 5892
$NQ Power Pivot: 20558
After an early attempt by buyers to defend key levels, the market has once again rolled over, failing to sustain a meaningful bounce. This persistent weakness continues to indicate seller dominance, with buyers unable to hold gains.
Now, the focus shifts to how today closes—whether it finishes at the lows or if a relief bounce occurs into the close.
🎯 Key Levels to Watch
🔻 Downside Risks – Where Sellers Remain in Control
✅ 20405 ($NQ) & 5823 ($ES) – Major Support Zones
If price closes at the lows, we could see a bounce tomorrow, but any small bounce before the close today could instead signal further downside.
5823 is a critical last line of defense—if this level breaks, we may see another aggressive flush lower.
20350-20405 zone is key for $NQ—buyers must hold or risk a deeper selloff.
🚀 Upside Potential – Where Buyers Need to Reclaim
$ES 5915-5935: Reclaiming this zone would neutralize some of today’s bearish pressure.
$NQ 20650: Buyers need to push back above this level to regain some footing.
📌 Market Psychology – Closing at the Lows vs. End-of-Day Bounce
The final hour of trading is critical for gauging sentiment going into tomorrow.
If the market closes at the lows:
This often leads to an overnight bounce, especially after steep selloffs.
Buyers will attempt to reclaim ground early in the next session.
However, if a bounce is weak or fades immediately, the downtrend will continue.
If the market bounces into the close:
It could be a trap for late longs, allowing sellers to reload and drive lower tomorrow.
The key is whether the bounce holds above major resistance levels (5935 for ES, 20650 for NQ).
📍 Trading Scenarios for the Close
📍 Scenario 1: Weak Close → Tomorrow’s Potential Bounce
If price closes at the lows, expect a potential relief bounce overnight.
Look for a gap-up attempt in futures, but be cautious of fading rallies.
Watch: 5915 ($ES), 20650 ($NQ) to see if the bounce has strength.
📍 Scenario 2: End-of-Day Bounce → Trap or Reversal?
If a bounce emerges before the close, be wary—this can be a classic bear trap before more downside tomorrow.
If the bounce fails below resistance, expect a continuation lower toward 5823 ($ES) and 20405 ($NQ).
📍 Scenario 3: Flush to New Lows
If price breaks below 5823 ($ES) and 20405 ($NQ) before the close, sellers remain in complete control.
This could lead to a fast move lower into overnight trading.
⚡ Final Thoughts
Key focus is the daily close—watch how price behaves in the last 30 minutes.
If price closes weak at the lows, a relief bounce may come tomorrow.
A bounce before the close that fails below resistance can trigger another selloff.
Critical downside targets: 5823 ($ES) and 20405 ($NQ).
Critical upside reclaim levels: 5915-5935 ($ES) and 20650 ($NQ).
Stay patient and let the market dictate the next move. Tomorrow could be pivotal!
💡 Trade smart & stay disciplined!
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