ES1! SPX500USD 2023 JUNE 05 WEEK
Once price breaks out of 4303 and it becomes support,
market will likely test next level 4584.
Scenario Planning:
1) Continuation long: Long on retracement
Note:
Longer Term: 4150 need to hold as support in order for
long trend to remain intact.
Volume Analysis:
Daily/Weekly: Ave vol up bar close toward high = NTC strength
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4584-4525 4303 4150
*NTC = Non Trend Changing
Remember to like and follow if you find this useful.
Have a profitable trading week.
*For educational purpose only.
Once price breaks out of 4303 and it becomes support,
market will likely test next level 4584.
Scenario Planning:
1) Continuation long: Long on retracement
Note:
Longer Term: 4150 need to hold as support in order for
long trend to remain intact.
Volume Analysis:
Daily/Weekly: Ave vol up bar close toward high = NTC strength
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4584-4525 4303 4150
*NTC = Non Trend Changing
Remember to like and follow if you find this useful.
Have a profitable trading week.
*For educational purpose only.
