NEW INDICATOR ALERT — SHOP TRADING TOOLS NOW
8/20 Trade Plan
8/20/20262 min read
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👉 RAIN Break + Retest Template The ATAS chart setup I use to read the execution.
⚡ Trade Plan
Ticker: /ES (September Contract)
Bias: Neutral → Bullish Above 7739.50
Market Condition: Consolidation at Prior ATH
🛡️ Trade Less. Demand Confirmation. Protect Accounts.
🧭 Context
ES is holding just above 7718, but buyers haven't generated much follow-through. The key remains the same: 7718 is support; 7739.50 is the reclaim.
Hold 7718 → buyers can retest 7739.50 → 7764.50.
Lose 7718 → downside opens toward 7648.75–7632, with the 50 DMA at 7583.51 below.
📊 Key Levels
🟥 Resistance
7739.50 ⭐ Previous ATH
7764.58
7794–7800
🟩 Support
7718 ⭐ Key Support
7648.75–7632
7583.51 — 50 DMA
⭐ Highest Probability — 7718 Hold Long
Trigger: 7718 holds with responsive buying and price reclaims toward 7739.50.
Target: 7739.50 → 7764.50
Invalidation: Acceptance below 7718.
🟢 Second Opportunity — 7739.50 Reclaim Long
Trigger: Clean reclaim and hold above the previous ATH.
Target: 7764.50 → 7794–7800
Invalidation: Failed reclaim back below 7739.50.
🟡 Only If — 7718 Failure Short
Trigger: Break below 7718 and failed retest.
Target: 7648.75 → 7632
Invalidation: Reclaim above 7718.
🔴 Avoid
Chasing longs directly into 7739.50.
Shorting the first test of 7718.
Trading the middle of 7718–7739.50 without confirmation.
🎯 Focus
7718 holds → 7739.50.
7739.50 reclaims → 7764.50.
7718 fails → 7648.75–7632.
Today's reminder: We're sitting on support beneath major resistance. Let one of those levels prove itself before committing.
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