★ Only If
7724 Failure Short
- Trigger
- Clean break below 7724 followed by a failed retest.
- Target
- 7648–7632
- Invalidation
- Reclaim above 7724.
Friday 7 August 2026 · /ES (September Contract)
8/7 Trade Plan
Bias · Bullish
Pullback / Higher-Low Development
Key levels
7826Resistance · → 7846 → 7866 ⭐ Upside Extensions
7800Resistance · ⭐ ATH / Major Breakout
Target: 7800 → 7826Support
7757Resistance · ⭐ Overnight High
⭐ Primary Opportunity — 7757 Break & Hold LongSupport
Trigger: Acceptance above 7757 followed by a successful retest.Support
Invalidation: Failed reclaim back below 7757.Support
Target: 7757 → 7800Support
7739–7724Support · ⭐ Primary Higher-Low Zone
🟢 Secondary Opportunity — 7739–7724 Pullback LongSupport
Trigger: Pullback into 7739–7724 holds with responsive buying and reclaim.Support
Invalidation: Acceptance below 7724.Support
7648–7632Support · ⭐ Major Pullback Demand
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.
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 · if → then
- 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.
How it played out
The primary setup never confirmed, so there was no trade.
reached 7724 but never confirmed. 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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