ES1! SPX500USD 2022 APR 04 Week

3 Nis 2022

ES1! SPX500USD 2022 APR 04 Week

Last week SNP offer trade opportunities based on
scenarios 1 and 3.

Play scenario:
1) Support on test of 4525 long
2) Rotational play 4463 - 4525
3) 4525 breached and resisted for short

Weekly: Ave volume upthrust bar closing off low = some
demand present. next bar will confirm if market is weak.
some demand
Daily: Average volume up bar closing of high = supply present
H4: Vey high vol up bar = strength (caution of supply
present)

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.