ES1! SPX500USD 2022 APR 11 Week
Last week 4525 presented long and short opportunities.
Preference will be to short on retracement.
Play scenario:
1) Test & Rejection of T+R area for short
2) Rejection of 4525 for short
3) Rotation play between 4631-4525
Weekly: Ave volume upthrust bar closing off low = some
demand present. next bar will confirm if market is weak.
some demand
Daily: Average volume up bar closing of high = supply present
H4: Vey high vol up bar = strength (caution of supply
present)
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4874 4800 4740
4631 4584 4525
4433 4368 4213
4135 4037
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Have a profitable trading week.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.