MESU July 29: 7500 or 7438 Before the Fed?Micro E-mini S&P 500 Index Futures (Sep 2026)CME_MINI:MESU2026Zhuge1iangMESU remains inside a choppy higher-time-frame range between approximately 7,524 and 7,411 ahead of today’s interest-rate decision at 2:00 PM Eastern Time. On the 4-hour chart, the main upside liquidity level is around 7,500. Price may push into that area before choosing its next direction. On the 1-hour chart, downside liquidity is visible around 7,438. Price could sweep that level first before rotating higher toward 7,500. The 15-minute chart supports the same two-sided scenario. Because price remains between both liquidity pools, I am not assuming which level will be reached first. Key levels 7,500: Upside liquidity and first bullish target 7,438: Downside liquidity and potential reaction level 7,524: Upper boundary of the broader range 7,411: Lower boundary of the broader range Possible scenarios Push into 7,500, followed by a rejection or breakout Sweep of 7,438 first, followed by a bullish reaction Continued range-bound trading until the 2 PM announcement Given the expected volatility around the interest-rate decision, I will wait for price to reach a key level and provide confirmation before entering. Not financial advice. No confirmation, no trade. MESU2026