SPX500USD ES1! SnP500 2021 Sep 20 Week
ES1!SPX500USD ES1! SnP500 2021 Sep 20 Week
Last week, nice trade opportunities from the price reaction to the levels, tested 4415.
Weekly/Daily: High volume wide spread bar close off the low = temporary demand.
Daily: Broke previous high but closed in middle of bar, supply was present = weakness.
H4: Climatic down bars closed off the week, pushing through the demand line of up
channel = bearish absorption.
Preference is to short on retest of levels above.
Entry will be based on price reaction at these levels.
Long (Test and Accept) | Short (Test and Reject)
4550
4530
4512
4463
4445
4415
4378
4346
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Have a profitable trading week ahead.
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