ES Short — Short $ESM26 on a failed bounce into 7470 supply; bel

ES has a damaged higher-timeframe structure after the high-volume selloff from the 7600 area into 7355.5. The current bounce is retracing into the first broken intraday supply zone around 7470-7476, where the 1h chart has already shown rejection twice. A short against that zone offers defined invalidation above 7496 and targets the next meaningful support/magnet near 7400. Risk is acceptable at roughly 26 points for 70 points of reward, but this is a pullback short within a broader chart that has not fully transitioned to a clean downtrend, so confirmation at the entry zone matters.

📍 Entry: 7470.00
🛑 Stop: 7496.00
🎯 Target: 7400.00
⚖️ R:R: 2.69