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8/03 Trade Plan
8/3/20262 min read
🚨 NEW INDICATOR ALERT
👉 Learn more about High-Probability Reaction Levels
⚡ Trade Plan
Ticker: /ES (September Contract)
Bias: Bullish Above 7590 / Cautious After Extension
Market Condition: Trend Day Up
🛡️ Trade Less. Demand Confirmation. Protect Accounts.
🧭 Context
ES has exploded higher since the 8:30 open, rallying nearly 60 points from the 7542 overnight low to test 7600 by 10:30 AM. Price is now trading well above both the 20 DMA (7520.16) and the 50 DMA (7559.86), confirming strong institutional buying.
The original 7552–7563 reclaim played out almost immediately. At this point, the edge is not chasing new longs into resistance but waiting for either a pullback into support or a clean acceptance above 7600.
📊 Key Levels
🟥 Resistance
7600 ⭐ Psychological Resistance
7630 ⭐ Major Supply
🟩 Support
7590–7585 ⭐ First Intraday Support
7560 ⭐ 50 DMA / Prior Breakout
7542 ⭐ Overnight Low
⭐ Highest Probability — 7600 Acceptance Long
Trigger: Strong acceptance above 7600, followed by a successful retest.
Target: 7630
Invalidation: Failure back below 7600.
🟢 Second Opportunity — Pullback Into 7590–7585
Trigger: Controlled pullback followed by responsive buying and delta confirmation.
Target: 7600 → 7630
Invalidation: Acceptance below 7585.
🟡 Only If — 7600 Exhaustion Fade
Trigger: Multiple failed attempts above 7600 with aggressive seller absorption and negative delta.
Target: 7590 → 7580
Invalidation: Acceptance above 7600.
This is a scalp only, as the broader trend remains bullish.
🔴 Avoid
Chasing green candles after a 50+ point rally.
Fighting the trend with oversized shorts.
Assuming the first rejection from 7600 is a major top.
Buying directly into 7630 supply without confirmation.
🧩 RAIN Confirmation
🟣 VWAP aligned with trade direction.
🟣 Delta confirms participation through key levels.
🟣 Acceptance holds above reclaimed levels or below failed levels.
🟣 Break-and-retest structure confirms the move.
🟣 No first-touch chasing into major support or resistance.
Want to see how I spot setups like this? Check out the template and follow along daily for my trade plans.
Chart setup: RAIN Break + Retest Template
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