Wednesday 22 July 2026 · /ES (September Contract)

7/22 Trade Plan

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

Key levels

7579Resistance · ⭐ 50 DMA / Major Resistance
7545Resistance · ⭐ Overnight High (ONH)
7533Resistance · ⭐ 20 DMA / Decision Level
7505Support · ⭐ Overnight Low (ONL)
7500Support · Psychological Support
Below ONL = Opens Door for Further WeaknessSupport

Context

Not much has changed from yesterday. ES remains below the 20 DMA (7532.99) after rejecting the 50 DMA (7579.25), keeping short-term pressure on the market. Overnight traded both extremes (ONH: 7545.00 | ONL: 7504.50) and is now rotating near the middle of the range. The key remains the 20 DMA. A reclaim shifts momentum back to the bulls. Continued rejection keeps the focus on a move back toward overnight lows and lower support.

★ Highest Probability

7533 Reclaim Long (20 DMA)

Trigger
Acceptance above the 20 DMA (7533) followed by a successful retest.
Target
7545 (ONH) → 7579 (50 DMA)
Invalidation
Failed reclaim back below the 20 DMA.

Second Opportunity

7505 Hold Long (ONL)

Trigger
Pullback into the Overnight Low followed by responsive buying and reclaim.
Target
7533 (20 DMA) → 7545 (ONH)
Invalidation
Acceptance below 7505.

Only If

7505 Breakdown Short

Trigger
Acceptance below the Overnight Low with sellers maintaining control.
Target
7500 → Range extension lower
Invalidation
Reclaim back above 7505.

Avoid

  • Chasing longs below the 20 DMA (7533).
  • Shorting the first test of 7505 without confirmation.
  • Trading in the middle of the overnight range (7505–7533) without confirmation.
  • Assuming the trend has changed until the 20 DMA is reclaimed.

Confirmation

  • VWAP aligned with trade direction.
  • Delta confirms participation through reclaimed levels.
  • Acceptance holds above 7533 for continuation.
  • Break-and-retest structure confirms the move.
  • Watch for confluence between the 20 DMA, ONH/ONL, and liquidity reaction levels before committing to a trade.

How it played out

Not scored yet. Every plan is checked against what the market actually did, and nothing is edited after the fact.

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