ES1! The market is currently at a decision zone between 6,788 and 6,800. Our primary strategy is to look for a Pop-and-Go Long position if the price moves above 6,800 and holds. As a backup, we should be ready for a Pop-and-Fail Short if we see a rejection at that level.
At present, the market is trading around 6,790, which is within the key range we’ve identified.
For support levels, the first significant area is between 6,778 and 6,772. Below that, there’s another critical zone from 6,771.5 to 6,760.5 that we consider our value edge. Additional support can be found in the range of 6,758.75 to 6,754, which serves as an obvious stop pocket.
This creates a classic cash-open scenario where we could either see a breakout above 6,800 or a failure to maintain that level, leading to a rotation back into the established comfort zone from this morning.