📢 Power Hour Update for Subscribers – Pop and Drop Delivered, Now What?
📊 Power Pivots:
$ES: 5137
$NQ: 17731
📌 Overview – Breakdown Delivered with Precision
Price followed our "pop and drop" plan perfectly, offering one of the cleanest continuation shorts of the session. The rejection off the resistance zone led to a swift, high-conviction selloff that has now put key closing levels in focus.
We’re watching the 5140 zone closely into the close. A daily close below this level signals further downside ahead, potentially opening the door for a continuation flush tomorrow.
📌 Key Market Zones – Into the Close
🔻 Support Zones:
$ES: 5112 → 5090
$NQ: 17676 → 17636 → 17500
These levels will act as decision points. If buyers can't defend these zones, momentum selling could accelerate.
🔺 Resistance Zones:
$ES: 5169 → 5184 → 5220
$NQ: 17900 → 18050
Any rally into these zones is a potential short setup, especially into the closing bell.
Reclaims above 5184 would be the first sign buyers are regaining footing.
📌 Price Action Context – What to Watch
5140 (ES) is your daily close trigger.
Below = More selling likely, possibly targeting 5000s tomorrow.
Above = Potential chop or a dead cat bounce setup into midweek.
$NQ 17500 remains the magnet if we continue trending lower.
Strong selling into the bell could test this level sooner than expected.
📚 Educational Insight – When Pop and Drop Works Best
Pop and drop works best when:
Market is in a clear downtrend.
Rally stalls at prior resistance or failed breakout.
Sellers aggressively defend key zones on volume.
Today checked all the boxes, and that’s why the short worked so efficiently.
🔥 Final Thoughts – Into the Close
We’re at critical close territory.
Watch how price behaves at 5140 (ES) and 17636 (NQ).
A rejection into the bell signals more pain ahead.
Upside reclaims? Fade the first attempt unless proven otherwise.
Downside extensions? Use prior support zones to scale out or manage risk.
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