Last week, they warned of the Friday sell-off. Here’s this week:
- audry90
- Aug 7
- 2 min read
Wednesday night completed major upside targets signaling the end of a bigger picture move—and set the tone for a bearish Thursday , which played out with precision in our live
trading room.
Thursday Recap: Picture-Perfect Setups
S&P 500 (ES):
● Price gave us a textbook short entry at our pre-mapped decision area.
● A solid close below and retest of 6404 offered a clean opportunity.
● The result: a 30-point move straight to our targets (SEE THE “EXPECTED LOW” line)
.

Nasdaq (NQ):
● Overnight action completed its larger bullish structure
.
● While price action wasn’t as clean as ES, NQ held our "has to hold" short zone
beautifully.
● All projected targets were ultimately hit for a 200+ point move
.
● Conservative traders who waited for confirmation from the decision area still captured 100+ points.

What We’re Watching Next
🔍
If Thursday’s action forms a temporary top , we could be looking at a
larger slide in the sessions ahead.
S&P 500 (ES):
● A daily close below 6345 opens the door to:→ 6240
→ Further downside to: 6080 and 6010 with follow-through
● A move back above 6376 and a daily close above it could bring → 6473→ 6515
Nasdaq (NQ):
● Holding above 23405 gives room for upside to:→ 23840
→ A breakout above all-time highs may take us to 24030 and 24215
● Breaking below 23405 points to a drop toward 22775 . A daily close below 22775 sets the stage for a much deeper decline to 22020
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