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5/6 Trade Plan

5/6/20262 min read

Ticker: /ES
Timeframe: 5m
Bias: Bullish above 7,300 / Bearish only below 7,300
Theme: Vertical move → waiting for pullback retest into demand

🛡️ Trade Less. Demand Confirmation. Protect Accounts.

🧭 Context

ES continues to trend higher after the overnight AMD-driven push, with price extending into 7,340 highs.

The important thing now:

Chasing highs up here is dangerous
Best opportunity = pullback into support
The deeper the pullback, the cleaner the long

Key levels:

7,340 = extension / possible higher low
7,320 = overnight breakout retest
7,300 = major demand + best long

As long as ES stays above 7,300, structure remains bullish.

📊 Key Levels

🟩 Support
7,340 — shallow support / possible higher low
7,320 — overnight breakout retest
7,300 — major demand (A+ level)

🟥 Resistance
7,340+ — extension highs / price discovery

🟢 A+ Setup — Pullback Long at 7,300 (Primary)

Zone: 7,300

Trigger
Flush into support
Buyers step in / reclaim

Targets
7,320
7366

Stop Acceptance below 7,285

Notes:
👉 Best trade on the board
👉 Highest confidence level

🟢 A Setup — Pullback Hold at 7,320

Zone: 7,320

Trigger
Pullback into overnight breakout level
Clean hold / higher low

Targets
7,340+

Stop Acceptance below 7,305

Notes:
👉 Strong continuation setup
👉 Better than chasing highs

🟢 B+ Setup — Hold at 7,340

Zone: 7,340

Trigger
Shallow pullback
Buyers maintain momentum

Targets
Extension highs

Stop Loss of 7,325

Notes:
👉 Lower confidence
👉 Extended market = careful chasing

🔴 A Setup — Breakdown Below 7,300

Zone: Below 7,300

Trigger
Loss of demand
Failed reclaim

Targets
7,275
7,250

Stop Reclaim above 7,320

Notes:
👉 Only short worth taking
👉 Bullish structure weakens here

🧩 RAIN Confirmation

1️⃣ 5m acceptance at 7,300 or 7,320
2️⃣ Reaction at extremes only
3️⃣ VWAP aligned
4️⃣ No chasing vertical candles

⏳ Best window: 10–11:30AM

🚫 No FOMO longs at highs
🚫 No trading middle
🚫 No shorting above 7,300

🧠 Mindset Notes

Vertical markets punish emotional entries
Best trade = patience into pullback
Let price come to you
One clean trade → done

SPY (30MIN)

The holds over Friday highs at 725/726 becomes the best pullback spot. The flag we drew yesterday really played well. Other spots to watch today are 729 & 727 for higher lows to form. Be cautious of how extended we are pre market.

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