SPX500USD ES1! SnP500 2021 Sep 06 Week
ES1!SPX500USD ES1! SnP500 2021 Sep 06 Week
Last week's long on retracement was good.
Weekly: Narrow spread up bar closing off the high, volume was higher than previous bar.
There is definitely supply selling into the mark up. = Weakness
Daily: Broke previous high but closed in middle of bar, supply was present = weakness.
H4: Rotation, whipsaw expected. The up bar yielded no result = weakness
As SnP makes its way up, strategy will be to long on retracement.
And given the rotation phase in H4, entry preference will be at the edge of the
horizontal range.
Entry will be price reaction at these levels.
Long (Test and Accept)
Short (Test and Reject)
4550
4535
4512
4497
4463
4445
4380
4345
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Have a profitable trading week ahead.
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