One Plan - One Trade – May 23 ESDaily Gameplan

57 ES Points at T4

Friday, May 23, 2025

Bears punched first. Bulls answered—with precision.

The reversal started Wednesday afternoon.
After stair stepping 6:45AM to 12:45PM 40 points, ES snapped—dropping over 100 points from the week’s highs and dismantling every higher low since May 16. It wasn’t a dip. It was a momentum reversal.

Thursday’s session opened still under pressure, chopping sideways.

When I wrote the opportunities section in “Hold my Beer” I highlighted my thoughts on this breakdown:

The bears had a victory, but there what a key low, May 13th’s below that breakdown.

Furthermore, there was demand right beneath that area.

Exactly what we look for in FBD’s.

We only took one trade, only needed one trade.

And at 3:15PM we used price behavior to adjust the runner.

Here’s how that played out

Trade Review — May 22, 2025 - 1 Trades

Trade #1 - 5835 FBD - Result T4 Hit - Stopped at 5835

As we entered the 8AM hour, price flushed, and it did so hard, trigging my alert just above the 3935 level.

I noted this on X:

As price came below the level, we bottomed at the top of the D zone.

At 8:26AM I alerted I had a buy order above current price - 5836.

I was filled 10 minutes later.

Price left the zone quickly and I issued my targets on X:

5844
5852
5869

We had a clinical flow state day.

But then, we started to diverge.

At 3:39PM I issued a warning upon reclaiming 5893 that there likely wasn’t enough time left in the session for bulls to make a solid reclaim.

We were losing momentum into a key level.

I took more off my runner at 5892.

Soon after, we collapsed.

And we collapsed hard. That timing turned out to be close to perfect, as ES topped at 5895.

But it wasn’t blind selling.
It wasn’t breaking the rules.

It was a combination of reading price, and knowing 5893 was a key level.

I want to point out the importance of not getting in and out of trades. We had the plan layed out, the targets set. It wasn’t until price had a major reclaim level late in the day there was an adjustment. AND it was only a 5% adjustment on the overall position.

There’s simply no reason to overtrade or screen watch.

Turn into a robot.

So now that price is fading a bit after yesterday’s afternoon selloff - where are we at now?

Chop?

Or do we press before the long holiday?

Let’s get into it.