ES1! SPX500USD 2023 JAN 01
After rotation between 3788-3928, market breakout for long opportunity.
Temporary weakness may be expected. Wait at high levels to short is preferred
Scenario Planning:
1) Short at rejection of 4175-4094
2) Long test and accept of rotation area 4175-4094
Volume Analysis:
Weekly: Low vol up bar close at high = No Demand
Daily: Low vol level bar close toward high = No Demand
H4: Low Vol narrow spread up bar close off high = No Demand
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4175 4094 3928-3788
3580 3502 3231
Remember to like and follow if you find this useful.
Have a profitable trading week.
After rotation between 3788-3928, market breakout for long opportunity.
Temporary weakness may be expected. Wait at high levels to short is preferred
Scenario Planning:
1) Short at rejection of 4175-4094
2) Long test and accept of rotation area 4175-4094
Volume Analysis:
Weekly: Low vol up bar close at high = No Demand
Daily: Low vol level bar close toward high = No Demand
H4: Low Vol narrow spread up bar close off high = No Demand
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4175 4094 3928-3788
3580 3502 3231
Remember to like and follow if you find this useful.
Have a profitable trading week.
