ES1! SPX500USD 2022 APR 11 Week

snapshot

ES1! SPX500USD 2022 APR 11 Week

Last week 4525 presented long and short opportunities.
Preference will be to short on retracement.

Play scenario:
1) Test & Rejection of T+R area for short
2) Rejection of 4525 for short
3) Rotation play between 4631-4525

Weekly: Ave volume upthrust bar closing off low = some
demand present. next bar will confirm if market is weak.
some demand
Daily: Average volume up bar closing of high = supply present
H4: Vey high vol up bar = strength (caution of supply
present)

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

4874 4800 4740
4631 4584 4525
4433 4368 4213
4135 4037

Remember to like and follow if you find this useful.
Have a profitable trading week.
S&P 500 E-Mini FuturesSNPsnp500usdSPX (S&P 500 Index)S&P 500 (SPX500)Supply and DemandSupport and Resistanceus500Volume

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