Thursday 23 April 2026 · /ES · 30M

4/23 Trade Plan

Bias · Bullish → Bearish only below 7,044 Consolidation above P-ATH → patience before next move

Key levels

7,185Resistance · ATH / breakout
7,173Resistance · prior high
7,151–7,159Resistance · key resistance
7,119–7,109Support · Friday low / key hold
7,077Support · prior ATH (major support)
7,044Support · breakdown trigger

Context

ES is consolidating above prior ATH (7,077) after the recent run. Despite the overnight volatility, structure remains intact. The real takeaway: 7,077 = key support (bullish line in sand) 7,185 = breakout trigger (ATH) Everything in between = chop This is a sideways market above support, not a breakdown. Key idea: Above 7,077 → bullish structure holds Below 7,044 → real downside begins

★ A+ Setup

Dip Buy at Prior ATH (Primary)

Zone
7,077
Trigger
Pullback into support; Buyers step in / clear hold
Target
7,120 → 7,185
Invalidation
Acceptance below 7,050

👉 This is the best trade on the board; 👉 Aligns with trend + structure

A Setup

Breakout Above ATH

Zone
Above 7,185
Trigger
Break and HOLD above; No immediate rejection
Target
New highs (trail)
Invalidation
Loss of 7,150

👉 Only if it proves; 👉 Don’t anticipate

A Setup

Breakdown Below 7,044

Zone
Below 7,044
Trigger
Loss of structure; Failed reclaim
Target
7,000 → 6,950
Invalidation
Reclaim above 7,080

👉 Only short worth taking; 👉 Everything else = noise

Confirmation

  • 1️⃣ 30m acceptance at 7,077 or 7,185
  • 2️⃣ Reaction at extremes only
  • 3️⃣ VWAP aligned
  • 4️⃣ No middle trades
  • No trading around 7,120 (middle)
  • No forcing trades in chop
  • No reacting to noise

Mindset

  • This is consolidation → not opportunity everywhere
  • Your edge = waiting for 7,077 or 7,185
  • Middle = where traders lose money
  • One clean trade → done
  • SPY (30MIN)
  • As long as SPY is above 698, the pullback long is alive. We may need a deeper pullback to that level but don't confuse that downside with weakness. Not until we fail back below P-ATH do the bears take back some control. For now, we are holding 706, not the strongest spot but a mid-channel level. Strong demand at 702. Will need break & holds over ATH for continuation.

Best window

10–11:30AM

How it played out

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

price never reached 7077. 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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