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8/6 Trade Plan

8/6/20262 min read

🚨 NEW INDICATOR ALERT

👉 Learn more about High-Probability Reaction Levels

⚡ Trade Plan

Ticker: /ES (September Contract)

Bias: Bullish Above 7718

Market Condition: Price Discovery / Pullback Watch

🛡️ Trade Less. Demand Confirmation. Protect Accounts.

🧭 Context

ES remains in a strong uptrend after this week's breakout into new all-time highs. The market is now testing whether the previous all-time high (7718–7739) can become new support. That is the key higher-low area today.

If buyers defend this zone, the trend remains intact and new highs remain the expectation. If 7718 fails, expect a deeper pullback into 7648–7632 before looking for the next long opportunity.

📊 Key Levels

🟥 Resistance

7800 ⭐ Recent ATH
7826 ⭐ Fibonacci Extension
7846 ⭐ Fibonacci Extension
7866 ⭐ Fibonacci Extension

🟩 Support

7718–7739 ⭐ Previous ATH / Primary Support
7648–7632 ⭐ Major Pullback Demand
7563–7542 ⭐ 50 DMA / 20 DMA

⭐ Primary Opportunity — 7718–7739 Hold Long

Trigger: Pullback into 7718–7739 followed by responsive buying.

Target: 7800 → 7826

Invalidation: Acceptance below 7718.

🟢 Secondary Opportunity — 7648–7632 Pullback Long

Trigger: Deeper pullback into 7648–7632 followed by responsive buying and reclaim.

Target: 7718 → 7800

Invalidation: Acceptance below 7632.

🟡 Only If — 7718 Failure Short

Trigger: Acceptance below 7718 with a failed retest from underneath.

Target: 7648 → 7632

Invalidation: Reclaim above 7718.

🔴 Avoid

Chasing longs after extended breakout candles.
Shorting while price remains above 7718.
Buying random pullbacks without confirmation.
Assuming the trend has changed before 7718 is lost.

🎯 Focus

Hold 7718–7739 → buyers remain in control.
Lose 7718 → opens the door toward 7648–7632.
Hold 7648–7632 → highest-quality pullback long if tested.
Until 7718 breaks, pullbacks are buying opportunities—not reasons to fight the trend.

Today's Reminder: Respect the trend. Let the pullback come to you, then trade the reaction—not the prediction.

Want to see how I spot setups like this? Check out the template and follow along daily for my trade plans.