ES1! SPX500USD 2022 JUNE 06 Week

5 thg 6, 2022

ES1! SPX500USD 2022 JUNE 06 Week

Last week market rotated between 4071-4204. No resolution
between Supply and Demand has been reached. Will wait for
early week to see if any market direction will emerge from it.

Possible Scenarios are considered:
1) Market rotates between 4204-4071 = wait
2) 4204 becomes support for long
3 4071 becomes resistance for short

Weekly: Ave volume down bar close off low = minor strength

Price reaction levels:
Short = Test and Reject | Long = Test and Accept

4874 4800 4740
4631 4584 4525
4433 4368 4303
4204 4071 3943
3902 3855 3720
*3913-4000 (previous high demand area)

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Have a profitable trading week.