ES1! SPX500USD 2022 Mar 07 Week

ES1!

ES1! SPX500USD 2022 Mar 07 Week

Last week's long on test and then short toward the
test of 4290 worked well.
Market showed topping, if 4290 is broken, market
may reach for lower levels, presenting a short
on retracement opportunity.

Weekly: Average down up bar closing in middle =
indecision
Daily: Average volume down bar closing in middle
= indecision
H4: High volume up bar closing off high = weakness

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

4874 4800 4740
4587 4525 4446
4397 4290
4213 4133 4037

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Have a profitable trading week.