ES Pre market Levels and Positioning 07.16.25
Quick note, “danger zone” is something I label, where I expect price to be whippy and liquidity to be thinner, exercise caution when taking trades in the danger zone.
Quick recap
ES put I a new ATH today, 6343 in ETH, but we were ultimately met with distribution. Longs were unable to defend the 6303 level, and we closed todays session at 6270s
Going into tomorrow.
I will review the price action in the morning, but I am looking to for support to enter at the 6250 level. Failure for longs to defend 6230 will open us up to lower retracement to 6170s.
In order for a continuation higher, I would like to see longs first break and hold above 6303. I am watching as we approach 6310-6317 for potential distribution. If strong demand fails to step in, and maintain momentum, price could stall near this level and we could be met with distribution.
On the flip side, if strong demand steps in, and maintains the momentum, we could push through this area of potential resistance, and hit upper targets of 6355 / 6384
Important levels for tomorrow
Line in the sand
6303 / 6313
break and hold above for continuation higher
6251 / 6228
break and hold below for deeper pull back
Levels
Upper targets
6355 / 6385
Lower targets
6240 / 6228 / 6174 / 6155
As always, trade safe my loves !