ES – Scalp Trade Opportunity | 7658

Today’s level of interest on ES comes in around 7658, where we have several pieces of confluence lining up for a potential scalp opportunity.

The main area of interest is a single print around 7658, which also sits just below the local low formed on 3rd September. That gives us a clear pool of liquidity that could potentially be swept before price trades into the single print.

Adding further confluence, this area also aligns closely with the 0.75 retracement of the current low-to-high move, making it an interesting deeper retracement zone within the broader uptrend.

The ideal scenario would be for price to take the local low liquidity, trade into the single print and then show a strong reaction from the area.

As always, this is reaction dependent. If ES reaches the zone and gives us the confirmation we’re looking for, we’ll look to take advantage of the level for a scalp.

Level of Interest: 7658