Power Hour Update for Subscribers
Declining Pivots & Key Bounce from 5936/50
📉 Power Hour Update for Subscribers
🔻 Declining Pivots & Key Bounce from 5936/50
📌 Market Overview & Power Pivots
$ES Power Pivot: 5973
$NQ Power Pivot: 21185
Once again, we see a clear trend in the pivots—another decline from yesterday. Yesterday, we were trading much higher, and now we’re settling at lower levels, reinforcing the ongoing downtrend.
But we did see a strong bounce off our 5936/50 support zone, proving once again how these levels act as key areas where buyers step in. Now, all eyes are on whether 5975 can hold into the close.
🔍 Key Observations From Today’s Session
✅ Markets pushed lower but found responsive buyers at major support zones (5936/50 ES, 21100 NQ).
✅ Sellers remain strong—this would be the 3rd consecutive daily close under 6050.
✅ Upside remains untested, with 6050 still a key area for price discovery.
The market is testing how much fuel sellers have left. Each bounce gets sold into, but we are also seeing buyers step in at major inflection points. If price continues closing under 6050, it means sellers remain firmly in control.
🔑 Key Levels Into the Close
🚨 Bearish Case – Can Sellers Keep Control?
🔻 5975 is the battleground into the close. If sellers push price under 5975, we could see:
Retest of 5950, 5936, and possibly new lows into 5915-5900
A daily close below 5975 will reinforce downside pressure into tomorrow
📈 Bullish Case – Can Buyers Push Higher?
✅ Holding 5975+ into the close gives buyers a chance to attack 6000 and 6025
✅ 6050 remains untested. Any breakout above 6000 will likely attempt to fill that gap
Key reversal signal? If price pushes above 5995 and holds, that could trigger a larger short-covering rally toward 6025-6050.
📚 Educational Insight: Identifying Market Exhaustion
Today’s price action is a great example of exhaustion tests.
1️⃣ The market made a lower low, but buyers stepped in aggressively at a major level (5936/50).
2️⃣ Now, price is testing whether sellers still have control by seeing if they can keep price under 5975.
3️⃣ If they fail and price pushes higher, it suggests sellers are running out of steam and we could see a larger short-covering move.
This is why it’s crucial to watch how price reacts at key levels. A failure to break lower can be just as important as a breakout above resistance.
🎯 Trading Plan for the Close
✅ If price holds above 5975 → Look for a push toward 6000-6025
🔹 Target: 6050 remains untested, so if buyers step in, we could finally get a run at it
🔹 Invalidation: A break back below 5975 cancels the setup
❌ If price closes below 5975 → More downside risk
🔹 Target: 5950, 5936, then potential breakdown to 5915-5900
🔹 Invalidation: A move back above 5995 invalidates aggressive short positions
🔥 Final Thoughts
Sellers remain dominant, but we’re seeing buyers defend key levels. If today marks another daily close under 6050, the trend remains bearish, and further downside remains the base case.
The big question: Will sellers be able to hold 5975 into the close, or will buyers push for a reversal rally into tomorrow?
📊 Stay sharp, traders! Let’s finish the session strong!