ES1! SPX500USD 2022 JULY 25 Week
Long preference last week was good.
3TF analysis reveals weakness. Short opportunity may be
present.
Possible Scenarios are considered:
1) Market rotation = trade at boundary of range
3) Behavior change scenario for long on retracement
Weekly: Ave vol up bar close off high = weakness
Daily: Ave vol down bar close off low + reversal bar = weakness
H4: High vol tiny spread up bar = weakness
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4071 3950 3742
3642 3600 3540
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Have a profitable trading week.
