The E-mini S&P 500 futures (#ES_F) have been exhibiting a period of consolidation and technical precision following a rally last Friday. Key support and resistance levels have been closely monitored and respected throughout the week. Initial support was established at 6461, which held firm early in the week, allowing the index to rebound to targets of 6474 and 6480. Subsequent trading saw the futures fluctuate within a range bounded by support levels around 6443 to 6464 and resistance levels near 6474 to 6495. After a brief dip below 6461, the market recovered, with a notable failed breakdown at 6474 following Nvidia's earnings dip, which was identified as a core setup. This led to a rally hitting targets of 6501 and 6507, with further upside potential toward 6515. Sellers have appeared near the upper threshold at 6508, while buyers have been active at critical short-term support levels like 6485 and 6494. The market is currently flagging out for the next leg, with expectations of continued choppy, two-sided activity within the 6451 to 6495 range until a decisive directional move occurs outside these extremes. Technical plans emphasize protecting gains and watching for support holds at 6474 and 6461-64, with downside risk if these levels fail.
Solid price action in #ES_F within the Initial Balance—sellers showing up at UT1 (6508), while passive buyers reloaded at 6485, a crucial short-term level to hold. Also noting interesting orderflow activity at 6494. https://t.co/4XaiyVhgE5 https://t.co/AeAHoqP0dh
Levels respecting perfectly. Last night 420PM after Nvidia #ES_F got a clean Failed Breakdown, given in 3:30PM newsletter: We lost 6474 daily low, trapped, longed. Targets given 8am were 6501, 6507. We hit 6507 exact 88 reclaim sees 94, 6501, 6506, 6515. 6471-74 fails, dip 64,53 https://t.co/YRMy7tkjQB
🚨 $ES_F Key Zones and Trade Plan Video for Thursday 08/28/2025 has been posted.