SPX500USD
ES1!
Price approaching previous supply area, there may be temporary weakness. Wait for
price to come down first before taking a long.
Weekly: Ultra Wide Spread Up bar closing off high, and lower than previous bar = Weakness.
Daily: Ultra Wide Spread Up Bar, High Volume = Strength
H4: Narrowing Spread, advancing on diminishing volume = Weakness
Strategy for Short (Test and Reject):
- 4476
- 4460
- 4445
Strategy for Long (Test and support):
- 4412
- 4378
- 4345
- bullish absorption past 4476
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Have a profitable trading week ahead.
