ES1! SPX500USD 2023 JUNE 12 WEEK
Price broke 4303. If this becomes support,
next target level will likely be 4584.
Scenario Planning:
1) Long on support at 4303
2) If false break, short on rejection at recent high / lower
high.
Note:
Longer Term: 4150 need to hold as support in order for
long trend to remain intact.
Volume Analysis:
Weekly: Ave vol up bar close off high = NTC weakness
Daily: Low(er) vol up bar S>D close off high = NTC weakness
*NTC = Non Trend Changing
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4584-4525 4303 4150
Remember to like and follow if you find this useful.
Have a profitable trading week.
*For educational purpose only.
Price broke 4303. If this becomes support,
next target level will likely be 4584.
Scenario Planning:
1) Long on support at 4303
2) If false break, short on rejection at recent high / lower
high.
Note:
Longer Term: 4150 need to hold as support in order for
long trend to remain intact.
Volume Analysis:
Weekly: Ave vol up bar close off high = NTC weakness
Daily: Low(er) vol up bar S>D close off high = NTC weakness
*NTC = Non Trend Changing
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4584-4525 4303 4150
Remember to like and follow if you find this useful.
Have a profitable trading week.
*For educational purpose only.
