ES1! SPX500USD 2022 JULY 25 Week
Long preference last week was good.
3TF analysis reveals weakness. Short opportunity may be
present.
Possible Scenarios are considered:
1) Market rotation = trade at boundary of range
3) Behavior change scenario for long on retracement
Weekly: Ave vol up bar close off high = weakness
Daily: Ave vol down bar close off low + reversal bar = weakness
H4: High vol tiny spread up bar = weakness
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4071 3950 3742
3642 3600 3540
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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.