ES1! SPX500USD 2022 AUG 22 Week
Previous supply returned for short opportunity.
Possible Scenarios are considered:
1) Long if 4704 is supported
2) Short on low vol retracement / channel
support becomes resistance
Weekly: Ave vol down bar = minor strength
Daily: Ave vol down bar close off low = minor weakness
H4: High vol down bar close off low = some demand
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4368 4303 4204
4071 3950
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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.