ES1! SPX500USD 2022 APR 18 Week

16 Nis 2022

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.