ES1! SPX500USD 2023 JUNE 05 WEEK
Once price breaks out of 4303 and it becomes support,
market will likely test next level 4584.
Scenario Planning:
1) Continuation long: Long on retracement
Note:
Longer Term: 4150 need to hold as support in order for
long trend to remain intact.
Volume Analysis:
Daily/Weekly: Ave vol up bar close toward high = NTC strength
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4584-4525 4303 4150
*NTC = Non Trend Changing
Remember to like and follow if you find this useful.
Have a profitable trading week.
*For educational purpose only.
Once price breaks out of 4303 and it becomes support,
market will likely test next level 4584.
Scenario Planning:
1) Continuation long: Long on retracement
Note:
Longer Term: 4150 need to hold as support in order for
long trend to remain intact.
Volume Analysis:
Daily/Weekly: Ave vol up bar close toward high = NTC strength
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4584-4525 4303 4150
*NTC = Non Trend Changing
Remember to like and follow if you find this useful.
Have a profitable trading week.
*For educational purpose only.
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.
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.