ES1!
SPX500USD ES1! SnP500 2021 Aug 30 Week
Last week, bullish absorption for levels 4443 and 4463 provided long opportunity.
This tells us the importance to look at price reaction when they approach price levels.
Weekly: Ultra wide spread up bar on high volume, closing on high = Strength.
Daily: Ultra Wide Spread Up Bar closing on high, Ultra High Volume = Weakness
H4: UHV Up Bar followed by tiny spread high volume bar = weakness.
As SnP makes its way up, strategy will be to
long on retracement.
Entry will be price reaction at these levels.
Long (Test and Accept)
Short (Test and Reject)
4507
4497
4463
4445
4378
4345
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Have a profitable trading week ahead.
