ES1! SPX500USD 2023 MAY 08 WEEK
ES1! ES1! SPX500USD 2023 MAY 08 WEEKAre we seeing the bearish ascending triangle already?
As with NQ, tendency to take rotational trades has diminished.
Scenario Planning:
1) Rejection short at 4175 / 4068
2) If market decides to spring a surprise, long on test of break of
4198 and finds support
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 4198 4068
3928 3788
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Have a profitable trading week.
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