ES1! SPX500USD 2022 JUNE 20 Week
ES1! SPX500USD 2022 JUNE 20 Week
Last week favored the shorts. Some demand on the weekly & H4 bar may
cause a retracement for temporary long opportunity.
Possible Scenarios are considered:
1) Long if 3600 /3642 is supported
2) If retracement to higher levels happen on weak volume, = short on
price rejection
3) Rotation (grey box) = trade at boundary or no trade
3 Dear History repeats as demand returns
Weekly: High vol down bar closing off low = demand present
bar closing at low = supply remains, also
exhibited commitment to lower prices.
Daily: Ave vol up bar closing in middle = indecisive
H4: Last 2 bar combined = UHV down bar closing above mid of bar = demand
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
3878 3843 3723
3642 3600 3540
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Have a profitable trading week.
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