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8/7 Trade Plan
8/7/20262 min read
🚨 NEW INDICATOR ALERT
👉 Learn more about High-Probability Reaction Levels
⚡ Trade Plan
Ticker: /ES (September Contract)
Bias: Bullish
Market Condition: Pullback / Higher-Low Development
🛡️ Trade Less. Demand Confirmation. Protect Accounts.
🧭 Context
ES is still holding the previous ATH retest zone, but overnight price has remained contained between 7724.25–7757.11. We're currently at 7754.75, just below the overnight high.
The key question today is whether buyers can reclaim the overnight high and continue higher, or whether we finally get the deeper pullback we've been waiting for.
7724–7739 remains the key higher-low zone. Until that breaks, the bullish structure remains intact.
📊 Key Levels
🟥 Resistance
7757 ⭐ Overnight High
7800 ⭐ ATH / Major Breakout
7826 → 7846 → 7866 ⭐ Upside Extensions
🟩 Support
7739–7724 ⭐ Primary Higher-Low Zone
7648–7632 ⭐ Major Pullback Demand
⭐ Primary Opportunity — 7757 Break & Hold Long
Trigger: Acceptance above 7757 followed by a successful retest.
Target: 7800 → 7826
Invalidation: Failed reclaim back below 7757.
🟢 Secondary Opportunity — 7739–7724 Pullback Long
Trigger: Pullback into 7739–7724 holds with responsive buying and reclaim.
Target: 7757 → 7800
Invalidation: Acceptance below 7724.
🟡 Only If — 7724 Failure Short
Trigger: Clean break below 7724 followed by a failed retest.
Target: 7648–7632
Invalidation: Reclaim above 7724.
🔴 Avoid
Chasing the middle of 7724–7757.
Shorting while 7724–7739 continues to hold.
Assuming the breakout is dead simply because ES consolidates.
Forcing a long without acceptance above 7757 or responsive buying at support.
🎯 Focus
7757 breaks and holds → look for 7800.
7739–7724 holds → higher-low opportunity for another push higher.
7724 fails → deeper pullback toward 7648–7632.
Today's Reminder: The trend is still bullish. Let ES prove the next move—breakout above 7757 or a higher low into 7724–7739.
Want to see how I spot setups like this? Check out the template and follow along daily for my trade plans.
Chart setup: RAIN Break + Retest Template
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