ES1! SPX500USD 2023 APR 04 WEEK
Market may be continued to be marked up. However, exercise
caution as weekly bar may be showing a bull trap.
Scenario Planning:
1) Possible short if 4175 is rejected
2) Continuation Long if 4082 // 4175 are supported
Volume Analysis:
Weekly: Low vol up bar close toward high = no commitment to higher prices, possible trapping longs
Daily: Ave vol up bar close toward high = non-trend changing
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4303 4175 4082
3928 3788
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Have a profitable trading week.
Coming weekend no updates, off to holiday :)
Disclaimer: 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.
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