Mountain Frog Research — Auction Reads

ES Auction Read — Fri 7 Aug 2026

Fri, 07 Aug 2026 00:00:00 GMT

Three sessions of relentless aggressive selling have moved this market up 115.75 points. Thursday was the clearest instance: more selling than Wednesday, in a range 62% the size, closing at 42% of it instead of 5%, with the low set in the eleventh period of twenty-seven and fifteen periods after it unable to touch it. That is a cohort paying more each session for less ground, which is what being absorbed looks like from the aggressor’s side. The overnight — which contains the 08:30 releases — has put price 24.00 above Thursday’s value-area high and 9.00 above Wednesday’s point of control. The bias is higher, and it asks for 7795.75 to prove it, because the one thing genuinely on the sellers’ side is that Thursday’s value did move down.

ES Auction Read — Thu 6 Aug 2026

Thu, 06 Aug 2026 00:00:00 GMT

The first genuine seller of this run arrived on Wednesday, with the exact signature this publication named a day earlier: price and order flow in the same direction, and every point of range extension below the initial balance. What he did not do is move value. The point of control fell 8.25 points, Wednesday’s value-area high printed 10.00 above Tuesday’s, and 40.00 of the 50.00-point value area overlaps Tuesday’s. So the bias turns lower, but conditionally — it needs 7745.00 to go. While the shelf holds, a retest of the 7820.25 record is the live alternative.

ES Auction Read — Wed 5 Aug 2026

Wed, 05 Aug 2026 12:05:00 GMT

Buyers hold everything and there is no reference left above price. Tuesday was a trend day that absorbed aggressive sellers for six hours; the overnight is the aligned leg that absorption was always going to produce. The read stays long, but with projections instead of targets — and the line is the overnight low at 7771.00.

ES Auction Read — Tue 4 Aug 2026

Tue, 04 Aug 2026 12:15:00 GMT

Buyers hold everything and price is in discovery above six weeks of value. The advance runs on absent supply rather than initiative, which resolves upward until a seller actually appears. 7629.00 is the line; the first real shelf overhead is the 28 May – 4 Jun balance starting at 7672.75.

ES Auction Read — Mon 3 Aug 2026

Mon, 03 Aug 2026 12:49:00 GMT

Buyers hold territory tactically, but on falling aggression into a dense reference shelf at 7562.5–7567.75. A large trapped-short cohort from the late-July breakdown is the fuel; 7546 is the line that decides whether the gap is real.