ES1! SPX500USD 2023 APR 17 WEEK
ES1! ES1! SPX500USD 2023 APR 17 WEEK
Friday's bar closed below 4175 and showed a rejection
of higher prices.
Scenario Planning:
1) Rejection short at 4175
2) Market rotation continues = trade at boundary (80pt range)
of range (grey box)
3) Rotation breakout long at support of 4175
Volume Analysis:
Weekly: Ave vol up bar close off high = minor weakness
Daily: High vol narrow spread S>D bar = weakness
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4303 4175 4096
3928 3788
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Have a profitable trading week.
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