Wednesday 6 May 2026 · /ES · 5m

5/6 Trade Plan

Bias · Bullish above 7,300 / Bearish only below 7,300 Vertical move → waiting for pullback retest into demand

Key levels

7,340+ — extension highs / price discoveryResistance
7,340Support · shallow support / possible higher low
7,320Support · overnight breakout retest
7,300Support · major demand (A+ level)

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.

★ A+ Setup

Pullback Long at 7,300 (Primary)

Zone
7,300
Trigger
Flush into support; Buyers step in / reclaim
Target
7,320 → 7366
Invalidation
Acceptance below 7,285

👉 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
Target
7,340+
Invalidation
Acceptance below 7,305

👉 Strong continuation setup; 👉 Better than chasing highs

B+ Setup

Hold at 7,340

Zone
7,340
Trigger
Shallow pullback; Buyers maintain momentum
Target
Extension highs
Invalidation
Loss of 7,325

👉 Lower confidence; 👉 Extended market = careful chasing

A Setup

Breakdown Below 7,300

Zone
Below 7,300
Trigger
Loss of demand; Failed reclaim
Target
7,275 → 7,250
Invalidation
Reclaim above 7,320

👉 Only short worth taking; 👉 Bullish structure weakens here

Confirmation

  • 1️⃣ 5m acceptance at 7,300 or 7,320
  • 2️⃣ Reaction at extremes only
  • 3️⃣ VWAP aligned
  • 4️⃣ No chasing vertical candles
  • No FOMO longs at highs
  • No trading middle
  • No shorting above 7,300

Mindset

  • 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.

Best window

10–11:30AM

How it played out

The primary setup never confirmed, so there was no trade.

price never reached 7300. Measured from m15 bars, ESM6, confirm entry, touch-based invalidation. Not a fill, and not a return: see how this is measured.

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