ES Pre-Open Brief — Tuesday, 11 August 2026
Generated Tue 11 Aug, 13:20 WEST · E-mini S&P 500 (ES1!) · Levels from delayed CME feed; completed session & higher-timeframe ranges are final.
Technicals — Key Levels
Last: 7786.75
| Timeframe | High | Low |
|---|---|---|
| Weekly (developing) | 7798.00 | 7763.00 |
| Weekly (prior) | 7820.25 | 7542.75 |
| Daily (prior) | 7798.00 | 7763.00 |
| 4H (last completed) | 7784.50 | 7770.00 |
| Asia (01:00–05:00 Lisbon time) | 7789.25 | 7767.75 |
| London (07:00–10:00 Lisbon time) | 7784.50 | 7770.00 |
Map for the session: ES trades 7786.75 into the London open, pinned in the upper third of this week’s 7763–7798 range and just reclaiming the London session high at 7784.50. The 7789.25 Asia high is the immediate overhead friction, with the daily/4H highs stacked tightly above at 7796; the London low at 7770 and the 4H low at 7775 mark the first supports on any fade. Acceptance above 7789.25 opens a run at 7796–7798, while losing 7775 puts the Asia low (7767.75) and the weekly low (7763) back in play.
Fundamentals
- Quiet US data day — no tier-one releases scheduled ahead of Wednesday’s CPI (July headline seen +0.1% m/m, 3.4% y/y; core +0.1%, 2.5% y/y), which is the week’s main event and keeps positioning tight.
- Oil is the tape’s driver: crude jumped ~4–5% on renewed US–Iran strikes and Strait of Hormuz disruption, reviving energy-led inflation fears and a more hawkish Fed path.
- Possible de-escalation offsetting the bid — Treasury’s Bessent floated a deal “today or tomorrow” to reopen the Strait, a two-sided catalyst that can swing risk sentiment intraday.
- Earnings after the bell from CoreWeave (CRWV), Super Micro (SMCI) and Cardinal Health (CAH); Fed’s Paulson leaned dovish, calling current rates sufficient to bring inflation to target.
Bias
Higher-timeframe structure stays constructive while ES holds inside the weekly range and above the 7775 4H low, but the tape is headline-hostage to oil and Wednesday’s CPI, arguing for range-respect over conviction directional bets today. Lean cautiously bullish above 7789.25 with 7796–7798 the upside magnet; a decisive break and acceptance below 7775 flips the near-term bias lower toward 7767.75 and the 7763 weekly low. Net: neutral-to-constructive, with 7789.25 the pivot that decides the session.
Analysis for educational purposes; not financial advice.