August is setting up to be a decisive month for **/ES**.

My weekly view:

• **7700–7550** remains a major **Weekly Supply Zone** where price is building a base.
• Is this healthy consolidation before the next leg higher... or distribution before a larger pullback?
• The key level I'm watching is **7632**. I don't want to see just an intraday wick above it—I want a **weekly close** above it. That would significantly strengthen the bullish case.
• On the downside, the **23.6% Fibonacci retracement** is the line in the sand. Losing that level during this consolidation could open the door for a retest of the **7150** area.

The next few weeks should reveal the market's real intent.

I don't trade predictions—I trade **confirmation**.

Inside my newsletter and live trading room, I'll be sharing:
• Precise daily key actionable levels for intraday scalping
• Institutional market structure updates
• My live /ES trade setups as they develop

The weekly chart provides the roadmap. The daily execution is where the edge comes from.