Tuesday 4 August 2026 · /ES (September Contract)

8/4 Trade Plan

Bias · Bullish Trend Continuation

Key levels

7739Resistance · ⭐ All-Time High
7677–7686Resistance · ⭐ Supply
7648.75Resistance · ⭐ Breakout Level
7632Support · ⭐ Immediate Support
7563Support · ⭐ Major Pullback Zone

Context

Yesterday's move changed the structure. ES reclaimed the 50 DMA and expanded straight into the 7632 objective. As long as 7632 holds, buyers remain in control. Above 7648.75, there is little resistance until 7677–7686. Above that, the next major objective is the 7739 all-time high. Because of yesterday's vertical move, there isn't a clean pullback yet. Let today's higher low develop instead of forcing dip buys.

★ Highest Probability

7648.75 Break & Hold Long

Trigger
Acceptance above 7648.75.
Target
7677–7686 → 7739
Invalidation
Failed reclaim below 7648.75.

Second Opportunity

7632 Hold Long

Trigger
Pullback holds 7632 and buyers reclaim.
Target
7648.75 → 7677
Invalidation
Acceptance below 7632.

Only If

7648.75 Rejection Fade

Trigger
Clear rejection at 7648.75.
Target
7632
Invalidation
Acceptance above 7648.75.

Avoid

  • Chasing extended breakout candles.
  • Buying random pullbacks without a higher low.
  • Fighting the trend while above 7632.

Focus · if → then

  • 7632 holds → buyers remain in control.
  • 7648.75 breaks → target 7677–7686.
  • 7677–7686 clears → opens the path toward 7739.
  • Lose 7632 → wait for a new higher low before buying again.

Today's reminder

Strong trends don't require predicting tops. Respect support, wait for confirmation, and let higher lows come to you.

How it played out

The primary setup never confirmed, so there was no trade.

price never reached 7648.75. Measured from m15 bars, ESU6, confirm entry, close beyond the level invalidation. Not a fill, and not a return: see how this is measured.

Get tomorrow's plan before the open.

Free, every trading day. Plans go out by email and stay here in the archive.

No signals, no spam. Prefer chat? Join the Discord.

Earlier plans