ES1! SPX500USD 2022 Mar 28 Week
ES1! SPX500USD 2022 Mar 28 Week
Snp may test 4587. Watch for reaction there, don't
chase long as market approaches previous supply level.
Play scenario:
1) Support on test of 4525 long
2) Rotational play 4433 - 4525
3) 4587 being resisted again for short.
Weekly: Low vol narrow up bar closing on high = weakness
(no conviction in the up move)
some demand
Daily: Low volume up bar = weakness
H4: Ultra High vol up bar closing toward middle, followed
by high volume up bar = strength.
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4874 4800 4740
4587 4525
4433 4368 4213
4135 4037
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Have a profitable trading week.
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