$E-mini S&P 500 - main 2306(ESmain)$

ES1! SPX500USD 2023 APR 17 WEEK

Friday's bar closed below 4175 and showed a rejection of higher prices.

Scenario Planning:
1) Rejection short at 4175
2) Market rotation continues = trade at boundary of range (grey box, 80pt range)
3) Rotation breakout long at support of 4175

Volume Analysis:
Weekly: Ave vol up bar close off high = minor weakness
Daily: High vol narrow spread S>D bar = weakness

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

4303                    4175                    4096
3928                    3788

Remember to like and follow if you find this useful.
Have a profitable trading week.

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  • glowzi
    ·2023-04-16
    it is very helpful for me to rejust my direction
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  • dimpy
    ·2023-04-16
    there still have minor growth while market is in a trouble
    Reply
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  • JeremyEe
    ·2023-04-16
    gcd
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  • Runderk
    ·2023-04-16
    Good
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  • hehorhe
    ·2023-04-16
    ok
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  • Pandaaa
    ·2023-04-16
    k
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  • LunaticETF
    ·2023-04-16
    [OK]
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  • threadfin
    ·2023-04-16
    [OK]
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  • henghm
    ·2023-04-16
    like
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  • boonk
    ·2023-04-16
    ok
    Reply
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