ES1! SPX500USD 2023 APR 04 WEEK
Market may be continued to be marked up. However, exercise
caution as weekly bar may be showing a bull trap.
Scenario Planning:
1) Possible short if 4175 is rejected
2) Continuation Long if 4082 // 4175 are supported
Volume Analysis:
Weekly: Low vol up bar close toward high
= no commitment to higher prices, possible trapping longs
Daily: Ave vol up bar close toward high = non-trend changing
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4303 4175 4082
3928 3788
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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.