5/21 Trade Plan

Original plan

NEW INDICATOR ALERT — SHOP TRADING TOOLS NOW ZerodayTradesHome Shop Market Intelligence Playbook Terms Faqs ZerodayTrades Home Shop Market Intelligence Playbook Terms Faqs 5/21 Trade Plan 5/21/20263 min read Ticker: /ES Bias: Neutral–Bullish above 7,406 / Bearish below 7,406 Market Condition: Range / Post-Earnings Expansion Risk 🛡️ Trade Less. Demand Confirmation. Protect Accounts. 🧭 Context Post-NVDA structure remains rotational but is now anchored around a key macro pivot at 7450. Above this level, market opens into trend continuation targeting prior highs and potential expansion. Below 7450, ES is more likely to rotate within yesterday’s range with two-way trade conditions. Demand remains layered at 7412 and 7400, with deeper support into the 7350–7341 (20DMA) zone. Overall structure favors upside continuation only if 7450 is reclaimed and held. 📊 Key Levels 🟩 Support / Liquidity Below 7376 (primary liquidity / demand sweep level) 7370 (secondary flush extension) 7356 (range repair zone) 7341 (20DMA) 🟥 Resistance / Liquidity Above 7463 (key breakout acceptance level) 7469 (liquidity / rejection zone) 7475.75 7483.75 (swing high) ⭐ Prime Setup (Best Trade) Trigger: Flush into 7376–7400, sweep liquidity, reclaim + hold VWAP Target 1: 7400 Target 2: 7424 Runner: 7463 Stop: 30m acceptance below 7370 Invalidation: Failure to reclaim VWAP after sweep 🟢 A-Tier Setup (Break & Hold Long) Trigger: Reclaim and acceptance above 7463 with structure holding Target 1: 7469 Target 2: 7475.75 Runner: 7483.75 Stop: Loss of 7463 after acceptance Invalidation: Failed breakout back into 7450s range 🟡 B-Tier Setup (Rejection Trades) Option A — Breakout Continuation Short (Low Priority) Trigger: Rejection at 7469–7475 zone Target 1: 7450 Target 2: 7430-7412 Stop: Acceptance above 7483 Option B — Weak Flush Reaction Trigger: Failed bounce at 7376 (no reclaim) Target 1: 7356 Target 2: 7341 Stop: Reclaim above 7385 🔴 Avoid Mid-range chop between 7412–7450 Chasing breakouts without acceptance above 7450 Heavy shorting in bullish regime above 7450 Low-volume rotational scalps inside VWAP chop zones 🧩 RAIN Confirmation ☑️ VWAP aligned ☑️ Delta confirms direction ☑️ Acceptance at level (not wick reaction) ☑️ Liquidity sweep + reaction ☑️ No first-touch chasing SPY (30 MIN) SPY held demand at 730.56 after a pre-market dip to 730.15, confirming buyers are still defending the lower end of the range. We’re now attempting to stabilize above that low, with 730 acting as the key line in the sand for continuation. If buyers maintain control above 730–732, rotation back toward 740–744 remains in play, but upside is layered with resistance so expect scalp-driven movement. A clean break and acceptance below 730 opens a deeper move toward the 728 20DMA, otherwise this stays a two-way range with fade opportunities at extremes.