Friday 8 May 2026 · /ES · 5m

5/8 Trade Plan

Bias · Bullish → Bearish below 7,345 Strong recovery → buy pullbacks unless structure breaks

Key levels

7,410Resistance · ATH / breakout level
7,390–7,395Support · primary support
7,366–7,375Support · deeper pullback demand
7,345Support · breakdown trigger

Context

Yesterday’s selloff held firmly around 7,345, and buyers reclaimed key levels overnight. We are now holding above: 7,366–7,375 (prior highs) 7,390–7,395 (Wednesday highs) That shifts the market back into continuation mode. Key structure now: 7,390–7,395 = primary continuation support 7,366–7,375 = deeper pullback support 7,410 = breakout trigger 7,345 = line in the sand This is NOT the environment to aggressively fade highs unless the market clearly fails. Key idea: Buy pullbacks until structure breaks Don’t fight trend at highs

★ A+ Setup

Pullback Hold Long (Primary)

Zone
7,390–7,395
Trigger
Pullback into support; Buyers defend / higher low
Target
7,410
Invalidation
Acceptance below 7,380

👉 This is the best trade on the board; 👉 Strong continuation structure

B+ Setup

Deeper Pullback Long

Zone
7,366–7,375
Trigger
Flush into support; Strong reclaim / buyers step in
Target
7,390 → 7,410
Invalidation
Acceptance below 7,350

👉 Backup long location; 👉 Better RR if reached

A Setup

Breakout Above 7,410

Zone
Above 7,410
Trigger
Break and HOLD above ATH; No immediate rejection
Target
Price discovery / extension
Invalidation
Loss of 7,395

👉 Only if it proves; 👉 No chasing first push

B+ Setup

Fade at ATH

Zone
7,410
Trigger
Push into highs; Clear rejection / failed hold
Target
7,395 → 7,375
Invalidation
Acceptance above 7,420

👉 Counter-trend trade only; 👉 Lower conviction than longs

A Setup

Breakdown Below 7,345

Zone
Below 7,345
Trigger
Loss of structure; Failed reclaim
Target
7,320 → 7,300
Invalidation
Reclaim above 7,365

👉 Real downside only begins here

Confirmation

  • 1️⃣ 5m acceptance at 7,395 or 7,410
  • 2️⃣ Reaction at extremes only
  • 3️⃣ VWAP aligned
  • 4️⃣ No chasing
  • No emotional ATH fades
  • No trading middle
  • No forcing shorts in bullish structure
  • SPY (5 MIN)
  • The 730 lows from yesterday will be a main level moving forward. Holding above that low will be crucial. Any fail below that in the future will spark downside. We reclaimed the Wednesday pre market highs between 731.70/732.56, spot to watch for pullbacks today. We have reclaimed the Wednesday HOD at 734.14/734.59, look for that to hold as a higher low today for a move into 736+

Best window

10–11:30AM

How it played out

The primary setup triggered and reached its first target.

triggered, then reached 7410. 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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