ES technical analysis
ES Technical Analysis
Analysis date
August 6, 2026
Market
CME (USD)
Daily cutoff
August 5, 2026
Reliability
Passed
Informational use only. This page is not investment advice.
Data verification
ES Data Verification
Checking the latest completed daily bar for date and closing-price consistency before indicators are calculated.
- Symbol
- ES (continuous front-month futures)
- Market
- CME (Chicago Mercantile Exchange)
- Currency
- USD (US Dollar)
- Latest completed bar
- August 5, 2026
Historical prices are adjusted for corporate actions when applicable. Date and closing-price consistency checks passed for the latest completed daily bar.
| Validation series | Latest Close | Date | Difference | Status |
|---|---|---|---|---|
| Calculation series | 7,749.50 | August 5, 2026 | - | Verified |
| Verification series | 7,749.50 | August 5, 2026 | 0.00% | Verified |
Bottom line
ES Technical Analysis Summary
ES (E-Mini S&P 500 Futures) shows a strong bullish technical structure on both daily and weekly timeframes. The daily trend is positive with price at 7,749.50 above SMA20 (7,545.80), SMA50 (7,518.71), and SMA200 (7,067.38), forming a clean ascending alignment. RSI14 at 64.47 on the daily and 60.62 on the weekly indicates firm bullish momentum without overbought extremes. The daily MACD is positive with an expanding histogram (25.88), while the weekly MACD histogram is marginally negative after a multi-week consolidation. Price made a record high of 7,820.25 on August 5 before closing at 7,749.50, leaving price in the 95th percentile of the 52-week range (6,313.25 to 7,820.25). Key support is at 7,324.00 (20-day low) and 7,232.25 (60-day low). Key resistance is the record high at 7,820.25. A decisive break above 7,820 would signal trend continuation; a break below 7,324 would suggest near-term weakness.
Multi-timeframe dashboard
Multi-Timeframe Technical Dashboard
Comparing daily (2-year) and weekly (5-year) perspectives to identify aligned or conflicting signals.
Daily (August 5, 2026)
- Trend
- Bullish. Price at 7,749.50 is above SMA20 (7,545.80), SMA50 (7,518.71), and SMA200 (7,067.38). The ascending alignment (SMA20 > SMA50 > SMA200) confirms a well-established uptrend. Price made a record high of 7,820.25 on August 5 and closed at 7,749.50, a small -0.21% pullback after a sharp two-day advance, leaving price near the top of its recent range.
- Momentum
- Bullish. RSI14 at 64.47 is above the 50 midline and below overbought territory, indicating positive momentum. MACD at 37.32 with signal at 11.45 and a positive histogram of 25.88 confirms building upward momentum. The histogram is positive and expanding after the strong advance of early August.
- Volatility
- Moderate. ATR14 at 104.49 (1.35% of price) reflects normal daily volatility for equity index futures. Bollinger Bands (7,346.82 to 7,744.78) are moderately wide, with price near the upper band, consistent with the recent uptrend.
- Volume
- Above average. Latest volume of 1,724,914 contracts is 119.4% of the 20-period average (1,445,219), indicating strong participation during the rally to record highs. Volume for the continuous futures series can repeat on consecutive sessions, so treat the level as approximate.
Assessment
The daily timeframe remains firmly bullish. Price is above all key moving averages with a clean ascending alignment, a fresh record high was set on August 5, and RSI is in bullish territory without overbought extremes. The MACD histogram is positive and expanding. The -0.21% pullback on August 5 is minor in the context of the broader trend. A move above 7,820.25 (record high) would reaffirm upside momentum.
Weekly (July 27, 2026 week)
- Trend
- Bullish. Price at 7,519.25 for the week ending July 31 is well above SMA20 (7,272.67), SMA50 (6,977.36), and SMA200 (5,516.48). The wide positive spacing between moving averages reflects a strong long-term uptrend, with the rising SMA200 confirming a multi-year structural uptrend.
- Momentum
- Bullish but consolidating. RSI14 at 60.62 is in bullish territory and below the overbought threshold. The MACD line at 187.68 is slightly below the signal at 192.82, producing a marginally negative histogram of -5.14. This reflects a pause in weekly momentum after the strong advance through mid-July, while price remains in a firm uptrend.
- Volatility
- Moderate. ATR14 at 201.47 (2.68% of price) reflects normal weekly ranges for equity index futures in an uptrend.
- Volume
- Above average. Weekly volume of 8,497,417 contracts is 111.8% of the 20-week average (7,600,530), suggesting continued participation through the consolidation.
Assessment
The weekly timeframe confirms a strong long-term bullish trend. Price at the 92nd percentile of the 52-week range highlights sustained upward momentum. RSI at 60.62 is bullish without overbought stress. The slightly negative weekly MACD histogram points to a pause in weekly momentum after the rally, which is normal after a strong advance. The weekly series ends July 31, before the early August surge to new highs. A weekly close above 7,632.25 would confirm a resumption of the weekly uptrend.
Key indicators
ES Key Technical Indicators
RSI, MACD, moving averages, ATR, and Bollinger Bands across daily and weekly timeframes.
| Indicator | Daily | Weekly |
|---|---|---|
| RSI (14) | 64.47 | 60.62 |
| MACD (12, 26, 9) | 37.32 / 11.45 / 25.88 | 187.68 / 192.82 / -5.14 |
| ATR (14) | 104.49 (1.35%) | 201.47 (2.68%) |
| Bollinger Bands (20, 2) | 7,346.82 - 7,744.78 | 6,562.35 - 7,982.99 |
| SMA (20) | 7,545.80 | 7,272.67 |
| SMA (50) | 7,518.71 | 6,977.36 |
| SMA (200) | 7,067.38 | 5,516.48 |
Price structure
ES Price Structure and Returns
Price performance across multiple lookback periods and 52-week position.
| Metric | Daily | Weekly |
|---|---|---|
| Current Price | 7,749.50 | 7,519.25 |
| 1-Period Return | -0.21% | +0.96% |
| 5-Period Return | +5.42% | +1.59% |
| 20-Period Return | +2.93% | +13.31% |
| 60-Period Return | +4.45% | +25.18% |
| 252-Period Return | +21.92% | +73.11% |
| 52-Week Low | 6,313.25 | 6,251.25 |
| 52-Week High | 7,820.25 | 7,632.25 |
| 52-Week Position | 95.31% | 91.82% |
Key levels
ES Support and Resistance Levels
Key price levels based on recent swing highs and lows across daily and weekly timeframes.
| Level | Daily | Weekly |
|---|---|---|
| 20-Period High | 7,820.25 | 7,632.25 |
| 20-Period Low | 7,324.00 | 6,353.25 |
| 60-Period High | 7,820.25 | 7,632.25 |
| 60-Period Low | 7,232.25 | 5,918.25 |
Scenarios
ES Technical Scenarios
Conditions, invalidation triggers, and what to watch for each scenario.
Bullish
Trigger
Price breaks above and sustains beyond 7,820.25 (record high / 20- and 60-day high), confirming trend continuation.
Invalidation
Price falls below the 20-day low of 7,324.00.
What to watch
Sustained close above SMA20 (7,545.80); RSI remaining above 55 on daily; MACD histogram expanding; volume increasing on up days.
Range-Bound
Trigger
Price oscillates between 7,324.00 (20-day low) and 7,820.25 (record high) without a decisive breakout.
Invalidation
A decisive break of either boundary with above-average volume.
What to watch
RSI staying between 45 and 65; volume remaining near or below average; price respecting the 7,324 support zone.
Bearish
Trigger
Price breaks below the 20-day low at 7,324.00 and then the 60-day low at 7,232.25.
Invalidation
Price reclaims SMA20 (7,545.80) and holds above it.
What to watch
Sustained closes below SMA20 (7,546); increasing downside volume; daily RSI falling below 50; weekly RSI crossing below 55.
Methodology
Methodology and Limitations
This technical analysis is calculated locally from adjusted OHLCV history. The daily series ends August 5, 2026, and the weekly series ends July 27, 2026 week. The latest completed daily bar is independently checked for date and closing-price consistency. Historical prices are adjusted for corporate actions when applicable. Indicators include Wilder RSI(14), MACD(12,26,9), SMA20/50/200, Wilder ATR(14), Bollinger Bands(20,2), relative volume, multi-period returns, and price-range levels. Support and resistance are descriptive zones, not guaranteed reversal points. Historical patterns do not predict future prices, and this page is not investment advice.
Frequently Asked Questions
This technical analysis is for informational and educational purposes only. It does not constitute investment advice, a recommendation, or a solicitation to buy or sell any security or futures contract. Past performance and historical patterns are not guarantees of future results. Futures trading involves substantial risk of loss and is not suitable for all investors. Always conduct your own research and consult with a qualified financial advisor before making trading or investment decisions.
Market data is checked for date and closing-price consistency before indicators are calculated. Data cutoffs: daily August 5, 2026, weekly July 27, 2026 week. Generated August 6, 2026.
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