ES Pre-Open Brief — Monday, 24 August 2026
Generated Mon 24 Aug, 14:05 WEST · E-mini S&P 500 (ES1!) · Levels from delayed CME feed; completed session & higher-timeframe ranges are final.
Technicals — Key Levels
Last: 7678.75
| Timeframe | High | Low |
|---|---|---|
| Weekly (developing) | 7703.25 | 7664.50 |
| Weekly (prior) | 7824.50 | 7657.75 |
| Daily (prior) | 7714.00 | 7661.25 |
| 4H (last completed) | 7684.50 | 7668.75 |
| Asia (01:00–05:00 Lisbon time) | 7703.25 | 7682.25 |
| London (07:00–10:00 Lisbon time) | 7684.00 | 7668.75 |
Map for the session: ES is trading at 7678.75, inside the current 4H range (7664.5–7686.5) and tucked below both the London low (7668.75)–high (7684) box and the Asia range (7682.25–7703.25) it printed overnight. Price has slipped back under the Asia low after failing to hold that shelf, leaving it sandwiched between the weekly/daily low at 7664.5 and the weekly/daily high at 7703.25. A reclaim of 7684/7686.5 opens a retest of 7703.25; losing 7664.5 exposes the range low with nothing on the daily/weekly structure until well below.
Fundamentals
- No major US data today (Monday); the week builds toward the Fed’s Jackson Hole Symposium (Aug 27–29), where new Fed Chair Kevin Warsh gives his first keynote Friday — markets are positioning ahead of his rate and policy signals.
- Rest of the calendar: Conference Board Consumer Confidence Tuesday, ADP employment and Richmond Fed manufacturing Wednesday, weekly jobless claims Thursday.
- Risk-off headlines overnight: fresh US sanctions on Iran and a breakdown in US–Canada trade talks with reciprocal tariff threats are weighing on sentiment into the open.
- Earnings watch: PDD Holdings reports before today’s bell; NVIDIA, Salesforce, CrowdStrike, Veeva and Okta headline Wednesday’s after-market slate, a key swing factor for tech-heavy index weight into month-end.
Bias
The current weekly range (7664.5–7703.25) is a fraction of the prior week’s spread (7657.75–7824.5), and price is coiling below the Asia/London highs — classic pre-Jackson Hole compression rather than a clean trend. Higher-timeframe bias is neutral-to-cautious until that range resolves: 7664.5 is the level that matters — a sustained break below turns the long-term lean bearish toward the next weekly support, while reclaiming and holding above 7703.25 re-opens the path toward the prior week’s high near 7824.5.
Analysis for educational purposes; not financial advice.