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4/20 Trade Plan

4/20/20262 min read

Ticker: /ES
Timeframe: 15M
Bias: Bullish → Bearish only below 7,044
Theme: Pullback from ATH → range between 7,085–7,136 before next move

🛡️ Trade Less. Demand Confirmation. Protect Accounts.

🧭 Context

Friday pushed to 7,185.75 (ATH), then we sold off overnight to 7,085 and bounced to 7,136, now sitting around 7,120.

That tells us:

We are no longer trending cleanly
We are now rotating inside a range (7,085–7,136)
Still above prior ATH (~7,077) → structure intact

So the real shift: This is now a decision range, not a straight trend day

7,136 = breakout trigger
7,085 = range low
7,077 = major support (line in sand)

📊 Key Levels

🟩 Support
7,085 — overnight low / range support
7,077 — prior ATH / major hold
7,044 — breakdown trigger

🟥 Resistance
7,136 — overnight high
7,150 — reclaim level
7,185 — ATH

🟢 A+ Setup — Breakout Above Range

Zone: Above 7,136

Trigger
Break and HOLD above overnight high

Targets
7,150
7,185

Stop Loss of 7,110

Notes:
👉 This is the cleanest long now
👉 Needs acceptance, not a wick

🟢 B+ Setup — Range Low Hold

Zone: 7,085

Trigger
Pullback into support
Clean hold

Targets
7,136

Stop Acceptance below 7,060

Notes:
👉 Still valid, but now a range trade
👉 Not trend continuation

🟢 A+ Setup — Prior ATH Retest Long

Zone: 7,077

Trigger
Flush into prior ATH
Strong reaction

Targets
7,120
7,150

Stop Acceptance below 7,050

Notes:
👉 Best “buy the dip” level
👉 This is where structure proves itself

🔴 A+ Setup — Breakdown Below 7,044

Zone: Below 7,044

Trigger
Loss of structure
Failed reclaim

Targets
7,000
6,950

Stop Reclaim above 7,080

Notes:
👉 Only place bias flips
👉 Real downside starts here

🧩 RAIN Confirmation

1️⃣ 15m acceptance at 7,136 or 7,085
2️⃣ Reaction at extremes only
3️⃣ VWAP aligned
4️⃣ No chasing

⏳ Best window: 10–11:30AM

🚫 No trading inside 7,100–7,125
🚫 No assuming trend continuation
🚫 No early entries

🧠 Mindset Notes

This is now a range → not a trend
Stop thinking “it must go higher”
Best trades = edges of range only
One clean trade → you’re done

SPY (15MIN)

The 705 level is the clear line in the sand today. If we remain above, we trade towards 709. Over 709, we likely see the full gap fill & possibly a new ATH. If we fail below 705, we trade back into the Thur highs at 701/702. The 698/699 demand is going to be the biggest level to monitor.

Want to see how I spot setups like this? Check out the template and follow along daily for my trade plans.