📈 Market Context:
Traders are currently anticipating a possible 0.25% rate cut during the upcoming September FOMC meeting, which continues to support the broader bullish framework.
Although the market pulled back after the Non-Farm Employment Change data came in below expectations, overall optimism remains.
Sentiment has now cooled off from last week's greed and shifted to a more neutral stance. Historically, August tends to bring some chop and pullbacks, but the structural bias still leans bullish.
🧾 Weekly Recap:
• ES kicked off the week with strong upward momentum, climbing steadily into Thursday.
• Along the way, price swept a key 4H swing high, breaking into new highs before initiating a retracement.
• This price action hinted at a short-term distribution and possible liquidity grab ahead of a correction.
📌 Technical Outlook & Game Plan:
→ I'm anticipating a move into the Monthly Fair Value Gap — a high-probability liquidity zone on my radar.
→ That area could act as a springboard for bullish continuation or at least provide a strong reaction.
→ Until that happens, I remain short-biased targeting the 6226$ zone, which I've marked as a major level.
🎯 Setup Trigger:
Once price taps 6226$, I'll monitor for:
• Clear break of structure on the 4H and 1H timeframes
• Formation of new demand zones indicating potential reversal
→ On confirmation from the lower timeframes, I’ll shift my focus toward long setups, potentially targeting new highs.
📋 Trade Management:
• Stoploss: Below the demand zone formed on 1H–4H
• Target: I’ll trail my stop to lock in profits as price moves higher
• Note: Although I’ll be watching for ATH retests, I plan to manage risk actively and book profits along the way
💬 Like, follow, and comment if this breakdown supports your trading! I’ll be sharing more detailed setups and educational posts — stay connected!
Traders are currently anticipating a possible 0.25% rate cut during the upcoming September FOMC meeting, which continues to support the broader bullish framework.
Although the market pulled back after the Non-Farm Employment Change data came in below expectations, overall optimism remains.
Sentiment has now cooled off from last week's greed and shifted to a more neutral stance. Historically, August tends to bring some chop and pullbacks, but the structural bias still leans bullish.
🧾 Weekly Recap:
• ES kicked off the week with strong upward momentum, climbing steadily into Thursday.
• Along the way, price swept a key 4H swing high, breaking into new highs before initiating a retracement.
• This price action hinted at a short-term distribution and possible liquidity grab ahead of a correction.
📌 Technical Outlook & Game Plan:
→ I'm anticipating a move into the Monthly Fair Value Gap — a high-probability liquidity zone on my radar.
→ That area could act as a springboard for bullish continuation or at least provide a strong reaction.
→ Until that happens, I remain short-biased targeting the 6226$ zone, which I've marked as a major level.
🎯 Setup Trigger:
Once price taps 6226$, I'll monitor for:
• Clear break of structure on the 4H and 1H timeframes
• Formation of new demand zones indicating potential reversal
→ On confirmation from the lower timeframes, I’ll shift my focus toward long setups, potentially targeting new highs.
📋 Trade Management:
• Stoploss: Below the demand zone formed on 1H–4H
• Target: I’ll trail my stop to lock in profits as price moves higher
• Note: Although I’ll be watching for ATH retests, I plan to manage risk actively and book profits along the way
💬 Like, follow, and comment if this breakdown supports your trading! I’ll be sharing more detailed setups and educational posts — stay connected!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.