Tuesday 21 July 2026 · /ES (September Contract)

7/21 Trade Plan

Bias · Neutral → Bullish Above 7527 Rotation Below Key Moving Averages

Key levels

7585–7598Resistance · Major Supply
7580Resistance · ⭐ 50 DMA
7527Resistance · ⭐ 20 DMA / Decision Level
7496Support · ⭐ Intraday Pivot
7473–7470Support · ⭐ Overnight Double Bottom / Major Demand
7472Support · (FOMC Low)

Context

ES continues to trade inside the same rotational range after defending the 7472–7496 demand zone. Buyers reclaimed 7496, but the rally stalled at the 20 DMA (7527) overnight. 7527 is the decision level. Reclaim it, and buyers can challenge the 50 DMA (7580). Fail here, and expect another rotation back toward range support.

★ Highest Probability

7540 Reclaim Long (20 DMA)

Trigger
Acceptance above 7540 followed by a successful retest.
Target
7570 → 7580 (50 DMA)
Invalidation
Failed reclaim back below 7540..

Second Opportunity

7473–7496 Hold Long

Trigger
Pullback into 7473–7496 support followed by responsive buying and reclaim.
Target
7527 → 7580
Invalidation
Acceptance below 7472.

Only If

7472 Failure Short

Trigger
Acceptance below 7472 with sellers maintaining control.
Target
7420 → 7400
Invalidation
Reclaim above 7472.

Avoid

  • Chasing longs beneath the 50 DMA (7580).
  • Shorting the first test of 7473–7496 demand.
  • Trading between 7496 and 7527 without confirmation.
  • Assuming a trend change before reclaiming the moving averages.

Confirmation

  • VWAP aligned with trade direction.
  • Delta confirms participation through reclaimed levels.
  • Acceptance holds above 7527 for continuation.
  • Break-and-retest structure confirms the move.
  • No first-touch chasing into 7580 supply.

How it played out

The primary setup triggered, then hit its invalidation.

triggered, then invalidated at 7540. Measured from m15 bars, ESU6, confirm entry, close beyond the level invalidation. Not a fill, and not a return: see how this is measured.

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