ES1!
ES1! SPX500USD 2021 Nov 01 Week
Short from test and reject 4590 and
Long on test and accept of 4552 was good.
Wait and see if H4's ultra high volume is bullish absorption.
Price may return to test the 2nd last bar, and if support is found,
it is a long opportunity.
Weekly: Higher volume narrower spread up bar = weakness
Daily: High volume up bar closing off high = weakness.
H4: Shortening of Thrust. Ultra High Volume and narrower
spread = TBC if this is weakness / bullish absorption
Entries will be based on price reaction to the levels
Short = Test and Reject | Long = Test and Accept
4708 4612
4590 4552
4515 4472
4411 4381
4333 4267
Remember to like and follow if you find this useful.
Have a profitable trading week.
