MESU July 30: Relief Bounce Before Another Selloff?Micro E-mini S&P 500 Index Futures (Sep 2026)CME_MINI:MESU2026Zhuge1iangMESU remains inside a bearish higher-time-frame structure, but an inside-bar formation may lead to short-term expansion. Acceptance above 7,392 could support a relief bounce toward 7,482, where multiple fair value gaps may attract price and create a potential reaction zone. I would still treat that move as a retracement unless MESU produces a confirmed 4-hour close above 7,524. That would shift my broader outlook from bearish to neutral. On the downside, a confirmed close below 7,351 could open the path toward yesterday’s low around 7,323. Key levels 7,392: Short-term acceptance level 7,482: Relief-bounce target 7,524: Bearish-to-neutral confirmation 7,351: Downside breakdown level 7,323: Next bearish target My primary scenario is a retracement into the fair value gap zones, followed by a reaction. I will wait for confirmation rather than entering in the middle. Not financial advice. No confirmation, no trade. MESU2026