ES1! SPX500USD 2022 AUG 22 Week
Previous supply returned for short opportunity.
Possible Scenarios are considered:
1) Long if 4704 is supported
2) Short on low vol retracement / channel
support becomes resistance
Weekly: Ave vol down bar = minor strength
Daily: Ave vol down bar close off low = minor weakness
H4: High vol down bar close off low = some demand
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4368 4303 4204
4071 3950
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Have a profitable trading week.
