Intraday Breakout Above Key Pivot Setup

1. Trade Rationale & Context

During the morning session, the S&P 500 Emini futures (/ES) established a tight compression channel above intermediate support at 5120. Pre-market volume profiles indicated building delta imbalance, suggesting a continuation breakout trigger. Our proprietary indicators designated 5140.50 as the primary buy pivot threshold.

2. Execution Parameters

• Trigger Entry: Buy stop market entry above 5140.50 on a 5-minute close.
• Initial Stop Loss: Set at 5128.00 (below consolidation support).
• Target 1: 5168.00 (2.28% move representing key daily liquidity levels).
• Target 2: 5190.00 (Extension target).
• Risk Profile: Standard position sizing (1.5x average unit size).

3. Management & Retrospective

Breakout occurred at 09:42 AM EST on strong buying momentum. Entry filled at 5141.00. The pullback held cleanly above the pivot, testing 5142.50 before resuming upward dynamics.

First target area of 5168.00 reached at 10:35 AM EST. Profit taking rules triggered a sell of 75% of the position size, capturing +27 points. Stop loss for the remaining 25% size was immediately adjusted to entry price (+5141.00) to secure a risk-free runner position.