MESU Aug 17: 7825 First, Then a Pullback to 7796?Micro E-mini S&P 500 Index Futures (Sep 2026)CME_MINI:MESU2026Zhuge1iangMESU begins the week after printing a new all-time high around 7,838 last week. The higher-time-frame structure remains constructive, but I’m watching liquidity on both sides before assuming another straight move higher. For today, the first upside liquidity sits around 7,825. My primary scenario is for price to revisit that level first and then potentially react lower toward the downside liquidity around 7,796. If buyers continue through 7,825, last week’s high around 7,838 remains the next major upside target. On the downside, 7,796 is the first level I’m watching for a pullback. For the broader structure, a confirmed 4-hour close below 7,740 would be much more significant and could open the door toward the deeper level around 7,682. Key levels: 7,825 first upside liquidity, 7,838 previous all-time high, 7,796 pullback target, 7,740 higher-time-frame breakdown level, and 7,682 deeper downside objective. Primary scenario: push toward 7,825, watch for a reaction, then potentially rotate toward 7,796. Bullish extension: break and hold above 7,825, then target 7,838. Bearish scenario: sustained weakness below 7,796, with a 4H close below 7,740 significantly weakening the broader structure. Not financial advice. No confirmation, no trade. MESU2026