ES1! SPX500USD 2022 AUG 22 Week

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ES1! SPX500USD 2022 AUG 22 Week

Previous supply returned for short opportunity.

Possible Scenarios are considered:
1) Long if 4704 is supported
2) Short on low vol retracement / channel
support becomes resistance

Weekly: Ave vol down bar = minor strength
Daily: Ave vol down bar close off low = minor weakness
H4: High vol down bar close off low = some demand

Price reaction levels:
Short = Test and Reject | Long = Test and Accept

4368 4303 4204
4071 3950

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Have a profitable trading week.