Power Hour Update for Subscribers
Double Top or Just a Pause? Sellers Finally Fire Back
📢 Power Hour Update for Subscribers
🎯 Double Top or Just a Pause? Sellers Finally Fire Back
⚡ Power Pivots:
$ES: 6197
$NQ: 22655
📉 Recap – Bull Targets Hit, Then a Hard Reversal
The market followed our script to the tick:
✅ $ES tagged 6230
✅ $NQ hit 22808
🚨 Then came a sharp and fast reversal
By Power Hour, price had dropped hard:
$ES down to 6170
$NQ touched 22565
Both of our short setups — the 6230 breakdown and the NQ 22808 short — delivered huge trades. That was high-conviction trading in real time.
🔍 Auction Market Theory Insight – Potential Double Top Behavior
This could be the beginning of something more significant:
We made a new all-time high, looked above, and then failed.
That’s a textbook “look above and fail” pattern — which often precedes major distribution or long liquidations.
It's too early to call it a confirmed double top, but all major tops begin as local failures.
If we close the day below the prior ATH levels, this will be a warning shot to aggressive bulls.
📌 Reclaim Zones for the Bulls to Regain Control:
$ES: 6197
$NQ: 22655
A daily close above these levels would also mean a weekly close above them — a powerful bullish signal if buyers can pull it off.
If they can't… it opens the door for deeper pullbacks next week.
📉 Downside Watch Levels:
$ES: 6162 → 6138
$NQ: 22530 → 22405
These are key balance zones and short-term memory spots from earlier this week. Holding them = healthy. Losing them = bear fuel.
🎯 Scenario Planning:
Scenario 1 – Late Day Reclaim and Squeeze
Bulls reclaim 6197 / 22655 before the close
Daily and weekly close above → bullish continuation Monday
Targets: 6213 / 22730, possibly higher
Scenario 2 – Sellers Lock It Down
Price stays below reclaim zones
Daily close confirms breakdown from ATHs
Opens the door to 6125 / 22405 retests early next week
Scenario 3 – Chop and Coil Into the Weekend
Price ranges between 6170–6200 ($ES) and 22530–22655 ($NQ)
No strong signal until Monday
💡 Pro Tip: End on a High Note
Today’s trades worked. You nailed the entries. You read the structure.
Now protect the gains.
✅ Trail stops
✅ Book partials
✅ Don’t overtrade into the close
✅ Let the market come to you next week
🎙️ Final Thought – Every Top Starts With One Failure
Maybe this is the top, maybe not — but structure is talking.
If bulls can’t reclaim, sellers may finally be gaining the initiative.
Stay nimble. Stay objective.
And always let structure, not emotion, lead the way.
— Theory Affinity Team