Monday 4 May 2026 · /ES · 30m

5/4 Trade Plan

Bias · Neutral → Bullish above 7,255 / Bearish below 7,211 Pullback filled → watching higher low vs lower high rejection

Key levels

7,269Resistance · overnight high
7,246–7,255Resistance · decision / rejection zone
7,223–7,211Support · demand / higher low
7,185Support · next support

Context

Overnight high came in at 7,269, with a pullback into 7,213 (ONL). We’re currently around 7,246, sitting right under resistance. That tells us: Pullback into demand did its job (for now) Market is now deciding: Higher low → continuation OR Lower high → rejection Key idea: 7,211 holds → bullish continuation 7,255 rejects → lower high Break above → trend resumes

★ A+ Setup

Demand Hold Long (Primary)

Zone
7,223–7,211
Trigger
Pullback into demand; Buyers defend / higher low
Target
7,246 → 7,269
Invalidation
Acceptance below 7,200

👉 This is the best trade; 👉 Clean higher low setup

A+ Setup

Lower High Rejection

Zone
7,246–7,255
Trigger
Push into resistance; Weak continuation / rejection
Target
7,223 → 7,211
Invalidation
Acceptance above 7,265

👉 Classic lower high setup; 👉 Strong if momentum stalls

A Setup

Breakout Above 7,269

Zone
Above 7,269
Trigger
Break and HOLD above
Target
7,285 → 7,300
Invalidation
Loss of 7,250

👉 Only if it proves; 👉 No chasing first push

A Setup

Breakdown Below 7,211

Zone
Below 7,211
Trigger
Loss of demand; Failed reclaim
Target
7,185 → 7,120
Invalidation
Reclaim above 7,230

👉 Confirms failed higher low; 👉 Opens downside

Confirmation

  • 1️⃣ 30m acceptance at 7,211 or 7,255
  • 2️⃣ Reaction at extremes only
  • 3️⃣ VWAP aligned
  • 4️⃣ No middle trades
  • No chasing highs
  • No forcing trades

Mindset

  • This is a decision day, not a trend day (yet)
  • Let levels decide → don’t predict
  • One clean trade → done
  • If it’s not obvious → sit out
  • SPY (30MIN)
  • Good pullback into key demand between 715.80/716.87. If we can create a higher low there, SPY can maintain. Need to see a reclaim of the 720.50 spot. Cautious of this 720 spot turning into a lower high rejection spot. Reclaim is very important here. If we break below 715.80, we get a move lower towards 712.88.

Best window

10–11:30AM

How it played out

The primary setup triggered, then hit its invalidation.

triggered, then invalidated at 7200. 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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