ES1! SPX500USD 2022 APR 18 Week
Last week, scenario2 4525 short was good.
Preference will be to short on retracement.
Watch reaction to 4368.
If supported = Scenario3 possibility
If broke and become resistance = continuation of Scenario2
Play scenario:
1) Test & Rejection of T+R area for short
2) Rejection of 4525 for short
3) Rotation play between 4631-4525
Weekly: Low volume down bar closing at low = weakenss
Daily: Average volume down bar closing at low = weakness
H4: High vol down bar closing at low = weakness
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4874 4800 4740
4631 4584 4525
4433 4368 4213
4135 4037
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Have a profitable trading week.
