Preparation. Not Prediction.

ES Morning Brief

Thursday
July 9, 2026

MARKET CONTEXT

AUCTION STRUCTURE

Where is price relative to value?
Current Price
7544
Today’s Value Area
7533 – 7553
Yesterday’s Value
7491 – 7533
Balance
In Balance
Value vs. Yesterday
Accepting Higher

MARKET ALIGNMENT

Additional context for trade selection.
ES % Change
+0.22%
ES CVD
+2,600
NQ vs. ES
NQ Leading
Volatility Trend
VX Falling
External Market
CL Rising

DECISION LEVELS

7566 – 7574

Resistance
Yest HOD
Tues POC & VAL
Supply Zone

7520 – 7527

Support
Today’s VAL
Today's VAL
Demand Zone

7477 – 7491

Support
Composite POC
Yest VAL
Demand Zone

TODAY’S CHART

ESU26  •  5 MIN  •  CME   O 7589.50   H 7590.25   L 7585.25   C 7585.50   -4.00 (-0.05%)   V: 5.2K   ΔV: -585
ES 5 minute chart with CVD
✦
The Sauce: Yesterday we saw a large failed breakdown and recovery of last week's low. The key level today is to hold the 7520–7527 zone if we want to retest the 7567–7575 zone for continuation.

EXECUTION CRITERIA

MEAN REVERSION SETUP

Look ForAggressive large orders being absorbed.
ActionIf price rejects the zone, enter against the move.

TREND FOLLOWING SETUP

Look ForAggressive large orders with follow-through.
ActionIf the retest holds, enter with the move.

CATALYSTS

ECONOMIC

Existing Home Sales
10:00 AM ET

EARNINGS

None

OTHER

None