MESU July 2: 7500 test in play, 7600 flips bullMicro E-mini S&P 500 Index Futures (Sep 2026)CME_MINI:MESU2026Zhuge1iangMESU analysis for Thursday, July 2 Today is the last trading day of the week, so I’m paying extra attention to how price reacts at the key levels. On the 4H chart, I’m still respecting the trendline and resistance overhead. The major higher-time-frame confirmation level for bulls remains 7600. If we get a 4H close above 7600, then I think the tone may need to shift from bearish to bullish. For now, I still think there is a good chance price may come back down and test the liquidity around 7500. If we get a 4H close below 7500, then I’ll be watching for continuation lower toward 7462. On the 1H chart, the market is still trading inside a choppy range between 7579 on the upside and 7500 on the downside. For today, I still lean a bit bearish and expect 7500 to be tested. On the 15M chart, the key short-term reclaim level is 7561. If we get a 15M close above 7561, then the short-term tone improves, but I still want higher-time-frame confirmation before turning aggressively bullish. Key levels 7500 = key downside liquidity / test level 7462 = next downside target 7561 = short-term reclaim level 7579 = top of the choppy intraday range 7600 = higher-time-frame bull confirmation Plan for today Respect the choppy structure and overhead resistance Watch 7500 closely on the downside If price loses 7500, watch 7462 next If bulls reclaim 7561, short-term tone improves If we get a 4H close above 7600, reassess from bear to bull Not financial advice. No confirmation, no trade. MESU2026