Monday 24 August 2026 · /ES (September Contract)

8/24 Trade Plan

Bias · Neutral Until Break Tight Range / NTZ

Key levels

7760Resistance · Upside Target
7720–7725Resistance · ⭐ Key Reclaim
7650–7630Support · ⭐ Major Demand
7570Support · Next Support

Context

ES remains trapped between 7650–7630 demand and 7720–7725 supply, with the 20 DMA sitting near the center of the range. Lower-high rejections are developing near 7720, while buyers continue defending the lower portion. Until one side breaks, expect chop and limited continuation.

★ Highest Probability

7720 Reclaim Long

Trigger
Reclaim 7720–7725 and hold it as support.
Target
7760
Invalidation
Failed reclaim back below 7720.

Second Opportunity

7650–7630 Demand Hold

Trigger
Pullback into 7650–7630 holds with responsive buying, followed by a reclaim.
Target
7720 → 7760
Invalidation
Acceptance below 7630.

Only If

7630 Breakdown Short

Trigger
Clean break below 7630 followed by a failed retest.
Target
7570
Invalidation
Reclaim above 7630.

Avoid

  • Trading aggressively inside 7630–7720.
  • Shorting directly into 7650–7630 demand.
  • Assuming a hold at 7650 is bullish without the 7720 reclaim.

Focus · if → then

  • 7650–7630 holds → wait for the 7720 reclaim.
  • 7720 reclaims → 7760.
  • 7630 fails → 7570.
  • Everything between 7630–7720 = NTZ.

Today's reminder

We're waiting for one side to break. Don't get chopped trying to predict which one.

How it played out

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

price never reached 7720. Measured from m15 bars, ESZ6, confirm entry, close beyond the level invalidation. Not a fill, and not a return: see how this is measured.

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