August 1st, 2025 - 7:35am Update:
Price couldn't clear 6370 overnight and tested 6350 2x and then back tested around 3am and then sold off, which is what I was looking to happen as posted last night. Overnight price has dropped to 6296 and is currently at 6310. The reclaim of 6321 area should give us a back test of the 6350 resistances ahead. IF, price can clear 6321, first target 1 -6335, target 2 - 6350, then 6370 then 6403 are next up.
IF, we lose 6296, we would want to see a reclaim of it to enter a trade. IF, ES sells off today, better to get out the way and wait for price to reclaim 6296.
August 1st, 2025 - 6:53pm Session Opening Hour- Daily Plan
Thursday's high was 6468 and low was 6358. We have been in this range for the past week.
6366-74 was the area that we broke out into this range and have tested this zone the past 2 days.
In order for us to move higher, we need to break above 6366-70 which then can target 6403, 6417, 6433.
If we break below 6350 the next target areas for a reaction is 6336, 6317, 6272
Ideally, we can build structure here at 6350 and clear 6366-70 or look for price to touch the zones in blue below and then flush and recover 6350 zone for a nice move to the 6366-70 first target.
Price couldn't clear 6370 overnight and tested 6350 2x and then back tested around 3am and then sold off, which is what I was looking to happen as posted last night. Overnight price has dropped to 6296 and is currently at 6310. The reclaim of 6321 area should give us a back test of the 6350 resistances ahead. IF, price can clear 6321, first target 1 -6335, target 2 - 6350, then 6370 then 6403 are next up.
IF, we lose 6296, we would want to see a reclaim of it to enter a trade. IF, ES sells off today, better to get out the way and wait for price to reclaim 6296.
August 1st, 2025 - 6:53pm Session Opening Hour- Daily Plan
Thursday's high was 6468 and low was 6358. We have been in this range for the past week.
6366-74 was the area that we broke out into this range and have tested this zone the past 2 days.
In order for us to move higher, we need to break above 6366-70 which then can target 6403, 6417, 6433.
If we break below 6350 the next target areas for a reaction is 6336, 6317, 6272
Ideally, we can build structure here at 6350 and clear 6366-70 or look for price to touch the zones in blue below and then flush and recover 6350 zone for a nice move to the 6366-70 first target.
Note
9:42am - UpdateEmployment report was coming out at 8:30am and price had a big spike and sell off. Price rallied to 6331 very quickly. I did not take this move above 6321. I typically wait until the open to see how price acts in the first 15 mins. As stated in my update, IF, price takes out 6296 we would want to see price reclaim that lost level. The next areas for a bounce are 6272, 6252. ES MUST reclaim 6296 for me to long. When ES sells off like this, we will get a short squeeze at some point and take out levels above. Since we are currently melting down, 6252 is next level down and you could try long under the next structure that develops. Personally, I will let price settle out today and look for new setups Sunday night at the open. NO Trades for me today.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.