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4/23 Trade Plan

4/23/20262 min read

Ticker: /ES
Timeframe: 30M
Bias: Bullish → Bearish only below 7,044
Theme: Consolidation above P-ATH → patience before next move

🛡️ Trade Less. Demand Confirmation. Protect Accounts.

🧭 Context

ES is consolidating above prior ATH (7,077) after the recent run. Despite the overnight volatility, structure remains intact.

The real takeaway:

7,077 = key support (bullish line in sand)
7,185 = breakout trigger (ATH)
Everything in between = chop

This is a sideways market above support, not a breakdown.

Key idea:

Above 7,077 → bullish structure holds
Below 7,044 → real downside begins

📊 Key Levels

🟩 Support
7,119–7,109 — Friday low / key hold
7,077 — prior ATH (major support)
7,044 — breakdown trigger

🟥 Resistance
7,185 — ATH / breakout

7,151–7,159 — key resistance
7,173 — prior high

🟢 A+ Setup — Dip Buy at Prior ATH (Primary)

Zone: 7,077

Trigger
Pullback into support
Buyers step in / clear hold

Targets
7,120
7,185

Stop Acceptance below 7,050

Notes:
👉 This is the best trade on the board
👉 Aligns with trend + structure

🟢 A Setup — Breakout Above ATH

Zone: Above 7,185

Trigger
Break and HOLD above
No immediate rejection

Targets
New highs (trail)

Stop Loss of 7,150

Notes:
👉 Only if it proves
👉 Don’t anticipate

🔴 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 short worth taking
👉 Everything else = noise

🧩 RAIN Confirmation

1️⃣ 30m acceptance at 7,077 or 7,185
2️⃣ Reaction at extremes only
3️⃣ VWAP aligned
4️⃣ No middle trades

⏳ Best window: 10–11:30AM

🚫 No trading around 7,120 (middle)
🚫 No forcing trades in chop
🚫 No reacting to noise

🧠 Mindset Notes

This is consolidation → not opportunity everywhere
Your edge = waiting for 7,077 or 7,185
Middle = where traders lose money
One clean trade → done

SPY (30MIN)

As long as SPY is above 698, the pullback long is alive. We may need a deeper pullback to that level but don't confuse that downside with weakness. Not until we fail back below P-ATH do the bears take back some control. For now, we are holding 706, not the strongest spot but a mid-channel level. Strong demand at 702. Will need break & holds over ATH for continuation.

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