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ES1! SPX500USD 2022 NOV 28

ES (SNP) 2022 Nov 28 Analysis

Little market participation due to Thanksgiving week.

Possible Scenarios are considered:

1) If volume is thin, stay out

2) Temporary short if 4050 is rejected

3) Long if support comes in at 3928 / 4050

Weekly: ND up bar close off high = minor weakness

Daily: UT + ND = weakness

H4: Very high vol + narrow spread = weakness

Price reaction levels:

Short = Test and Reject  |  Long = Test and Accept

4050          3928          3751

3580          3502          3350

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Have a profitable trading week.