★ Only If
7718 Failure Short
- Trigger
- Acceptance below 7718 with a failed retest from underneath.
- Target
- 7648 → 7632
- Invalidation
- Reclaim above 7718.
Thursday 6 August 2026 · /ES (September Contract)
8/6 Trade Plan
Bias · Bullish Above 7718
Price Discovery / Pullback Watch
Key levels
7866Resistance · ⭐ Fibonacci Extension
7846Resistance · ⭐ Fibonacci Extension
7826Resistance · ⭐ Fibonacci Extension
7800Resistance · ⭐ Recent ATH
Target: 7800 → 7826Support
7718–7739Support · ⭐ Previous ATH / Primary Support
⭐ Primary Opportunity — 7718–7739 Hold LongSupport
Trigger: Pullback into 7718–7739 followed by responsive buying.Support
Invalidation: Acceptance below 7718.Support
Target: 7718 → 7800Support
7648–7632Support · ⭐ Major Pullback Demand
🟢 Secondary Opportunity — 7648–7632 Pullback LongSupport
Trigger: Deeper pullback into 7648–7632 followed by responsive buying and reclaim.Support
Invalidation: Acceptance below 7632.Support
7563–7542Support · ⭐ 50 DMA / 20 DMA
Context
ES remains in a strong uptrend after this week's breakout into new all-time highs. The market is now testing whether the previous all-time high (7718–7739) can become new support. That is the key higher-low area today. If buyers defend this zone, the trend remains intact and new highs remain the expectation. If 7718 fails, expect a deeper pullback into 7648–7632 before looking for the next long opportunity.
Avoid
- Chasing longs after extended breakout candles.
- Shorting while price remains above 7718.
- Buying random pullbacks without confirmation.
- Assuming the trend has changed before 7718 is lost.
Focus · if → then
- Hold 7718–7739 → buyers remain in control.
- Lose 7718 → opens the door toward 7648–7632.
- Hold 7648–7632 → highest-quality pullback long if tested.
- Until 7718 breaks, pullbacks are buying opportunities—not reasons to fight the trend.
Today's reminder
Respect the trend. Let the pullback come to you, then trade the reaction—not the prediction.
How it played out
The primary setup never confirmed, so there was no trade.
reached 7718 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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