SPX500USD ES1! SnP500 2021 Oct 04 Week

ES1!


SPX500USD ES1! SnP500 2021 Oct 04 Week

Market exited the uptrend channel last week with conviction. On daily chart, two lower lows
and 1 lower high now gives us a down channel = change in trend.

Weekly: High volume ultra wide spread down bar close below halfway of bar = weakness
Daily: Up bar closing off high = weakness
Daily: Broke previous high but closed in middle of bar, supply was present = weakness.
H4: Market returned to test a previous rotation and also UHV bar A and closed off high - weakness.
Pink down channel also drawn in H4.

Entry will be based on price reaction at these levels.
Long (Test and Accept) | Short (Test and Reject)

4550
4530
4472
4455 - 4441
4415
4389
4367
4345
4260

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Have a profitable trading week ahead.