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5/28 Trade Plan

5/28/20262 min read

⚡ Trade Plan

Ticker: /ES
Bias: Neutral / Pullback structure inside bullish trend
Market Condition: Pullback / Gap repair

🛡️ Trade Less. Demand Confirmation. Protect Accounts.

🧭 Context

ES has been pulling back steadily since yesterday’s 8AM ATH push into 7570.75. Overnight price action remained rotational, with sellers defending rallies while buyers continue attempting to hold higher lows above the May 22 gap structure. The cleanest opportunities today are pullback longs into support zones or responsive shorts into resistance after failed pushes. Unless buyers reclaim 7554 quickly, expect continued two-way pullback trade rather than clean trend continuation.

📊 Key Levels

🟩 Support / Pullback Zones

7516.5 (watch zone)
7505.5 (primary pullback long)
7482 (gap-fill support)
7470 (major support)
7438
7411.83 (20DMA)

🟥 Resistance / Rejection Zones

7545–7549 (intraday rejection zone)
7554 (major resistance)
7570.75 (ATH)

⭐ Prime Setup

Trigger: Pullback into 7505.5–7482 with responsive buyers and VWAP reclaim
Target 1: 7516.5
Target 2: 7545
Runner: 7554

Stop: 30m acceptance below 7470

Invalidation: Failure to reclaim gap structure

🟢 A-Tier Setup

Trigger: Push into 7545–7554 and fail with rejection confirmation
Target 1: 7516.5
Target 2: 7505.5
Runner: 7482

Stop: Acceptance above 7555

Invalidation: Strong reclaim back above resistance

🟡 B-Tier Setup

Option A — ATH Rejection Short
Trigger: Sweep into 7570.75 ATH and reject
Target 1: 7554
Target 2: 7516

Stop: Acceptance above ATH

Option B — Deep Pullback Long
Trigger: Flush into 7470 with responsive buyers
Target 1: 7505
Target 2: 7516

Stop: 30m acceptance below 7458

🔴 Avoid

Chasing longs into 7545–7570 resistance
Shorting directly into 7482–7470 support
Trading mid-range chop between 7515–7535
Assuming trend continuation without reclaim strength

🧩 RAIN Confirmation

☑️ VWAP aligned
☑️ Delta confirms rejection/continuation
☑️ Acceptance at key levels
☑️ Break-and-retest structure respected
☑️ No first-touch chasing

SPY (30 MIN)

752 remains the key resistance level after overnight rejection from 754 highs. We are currently pulling back into the 749–748.30 support zone, which is the main higher low area I want to see hold for continuation. If buyers defend that zone, upside rotation back toward 752–754 remains in play. Failing 748 likely opens the gap-fill move back toward 743.50 demand.

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