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S&P 500 E-mini Futures

ES1! SPX500USD 2023 MAY 08 WEEK

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ES1! ES1! SPX500USD 2023 MAY 08 WEEK

Are 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.
paradox677
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S&P 500 E-Mini Futuressnp500snp500analysissnp500usdS&P 500 (SPX500)US SPX 500Supply and DemandSupport and ResistanceVolume

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S&P 500 E-Mini Futuressnp500snp500analysissnp500usdS&P 500 (SPX500)US SPX 500Supply and DemandSupport and ResistanceVolume
paradox677
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Related publications

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.