ES Pre-Open Brief — Monday, 10 August 2026
Generated Mon 10 Aug, 14:30 WEST · E-mini S&P 500 (ES1!) · Levels from delayed CME feed; completed session & higher-timeframe ranges are final.
Technicals — Key Levels
Last: 7776.00
| Timeframe | High | Low |
|---|---|---|
| Weekly (developing) | 7796.25 | 7763.00 |
| Weekly (prior) | 7820.25 | 7542.75 |
| Daily (prior) | 7786.75 | 7725.50 |
| 4H (last completed) | 7796.25 | 7783.50 |
| Asia (01:00–05:00 Lisbon time) | 7786.25 | 7765.25 |
| London (07:00–10:00 Lisbon time) | 7796.25 | 7783.50 |
Map for the session: ES is trading 7776, pinned in the middle of a tight weekly/daily range that runs 7763 (weekly & daily low) to 7796.25 (weekly & daily high). Price is currently below both the London low at 7783.5 and yesterday’s high at 7786.75, having slipped back under the 4H current low of 7769.75-area balance. The 7783.5–7796.25 shelf (London range) is the immediate overhead supply; a hold above Asia’s 7765.25 low keeps the range intact.
Fundamentals
- Quiet macro to start the week — the calendar is back-loaded to inflation: July CPI Wednesday and PPI Thursday, with July retail sales and prelim Michigan sentiment Friday. Today offers no tier-one data, so positioning ahead of CPI dominates.
- Backdrop is constructive: Friday’s soft July payrolls (-23k, weaker wages) eased rate-hike fears and pushed the S&P 500 to a record close of 7,757.64; the 10-year yield has eased to ~4.60%.
- Earnings still flowing — CoreWeave (Tue AH), Cisco (Wed AH) headline the week, with ~85% of reporters beating so far, underpinning risk sentiment.
- Geopolitics the swing factor: markets are tracking Strait of Hormuz talks, with Iran signaling conditions (blockade end, sanctions relief) before reopening — headline risk cuts both ways on oil and risk appetite.
Bias
Higher-timeframe structure is constructive — record highs into a soft-labor, easing-yield backdrop keeps the path of least resistance up, but price is in a compression coil directly beneath resistance with CPI as the release valve. Lean cautiously bullish while 7763 holds: a decisive reclaim of the London shelf at 7783.5 and acceptance above 7796.25 (weekly/daily high) opens continuation to new records, whereas a loss of 7763 flips the near-term tone and exposes the prior-day low zone. Key decision level: 7783.5.
Analysis for educational purposes; not financial advice.