notedES1! SNP500 2022 JULY 18 WEEK
@IngW NasdaqTrader:ES1! SPX500USD 2022 JULY 18 Week Last week' rotation trade was good. Rotation strategy applies for this week as well. Minor strength observed, so additionally there's a preference to long on retracement. Possible Scenarios are considered: 1) Market rotation = trade at boundary of range 2) Channel rejection / support trades 3) Behavior change scenario for long on retracement 4) Trend continuation Weekly: Ave vol down bar close toward high = minor strength Daily: Ave vol up bar close at high = minor strength H4: High vol narrow spread up bar followed by tiny ave vol up bar = weakness Price reaction levels: Short = Test and Reject | Long = Test and Accept 4071 3950 3742 3642 3600 3540 Remember to like and follow if you find this useful. Have a profitable trading week.$E-mini S&P 500 - main 2203(ESmain)$
ES1! SNP500 2022 JULY 18 WEEKDisclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.