Power Hour Update for Subscribers
NVDA Earnings Loom as Market Coils at Key Zones
📢 Power Hour Update for Subscribers – NVDA Earnings Loom as Market Coils at Key Zones
📊 Power Pivots:
$ES: 5923
$NQ: 21471
🧭 Market Recap – The Trap Was Set, And It Snapped Hard
Just as anticipated, the market opened bullishly and lured in buyers — only to snap back violently:
$ES dropped over 50 points
$NQ shed nearly 200 points
This type of action is exactly what we've been calling out:
❝ Wednesday price action is predatory — the bigger the bait, the bigger the trap. ❞
After the drop, price stabilized around 5920s for ES and 21460s for NQ, forming a temporary balance zone ahead of $NVDA earnings.
🎯 Key Zones into the Close
📌 Upside Relief Targets (Rejection Zones from Earlier Today):
$ES: 5941 → 5958 → 5975
$NQ: 21560 → 21622
Price rejected these levels earlier, which means they're now magnets on any relief rally — and likely areas of resistance if tested again.
📌 Downside Breakdown Levels:
$ES: 5917 → 5895 → 5869
$NQ: 21405–21420 → 21300 → 21170
A clean break below 5917 / 21405 opens the door to more structural downside — especially with price pinned beneath Power Pivots into earnings risk.
💥 NVDA Earnings = The Fuse
Markets are coiling just beneath monthly highs. NVDA’s report will likely determine:
Whether buyers regain control and drive us back into breakout territory, or
If today’s rejection was the first signal of a larger unwind back toward monthly value lows.
This is what we mean by “initiative vs. responsive” effort.
Bulls initiated earlier — but failed to sustain.
Now it’s up to them to defend structure or risk giving it all back.
🧠 Auction Market Theory Insight – Why Traps Are Signals
Traps aren’t just fakeouts — they are information-rich events:
A failed breakout means aggressive buyers are underwater
A hard reversal creates trapped positioning
Trapped positioning becomes fuel for the next leg — in the opposite direction
This is what makes rejection levels such powerful targets — because price is emotionally loaded there.
📌 Bias Into the Close
Bearish below: 5917 / 21420
Bullish only if reclaimed cleanly: 5941 / 21560
Neutral zone (chop): 5920–5930 / 21440–21480
Don't overtrade into earnings. Let price prove itself.
📣 Final Reminder:
“What is the market attempting to do?”
— It’s trying to hold initiative and stay bid near highs.
“Is it succeeding?”
— Not yet. And time is running out.
Wait for structure to confirm. Protect gains. Let the tape lead.
See you in the morning with post-earnings breakdown and levels.
#PowerHour #FuturesTrading #ES #NQ #NVDA #AuctionMarketTheory #TrapMoves