ES1! SPX500USD 2022 SEP 05 Week
Last week's 4071 rejection + channel rejection provided fruitful short.
Currently market is temporarily supported at 3903.
Possible Scenarios are considered:
1) Long if 3903 is supported
2) Short on low vol retracement / rejection at 4080 / 4030 / 3903
Weekly: Higher vol down bar close off low, same spread as previous bar
= demand coming in
Daily: Ave vol down bar close off low = minor demand
H4: Ultra high vol bar + high vol up bar = demand coming in
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4303 4204 4029
3903 3743
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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.