SPX500USD 2021 May 03 Week (Intraday)
SPX500USDSPX500USD 2021 May 03 Week (Intraday)
Weekly, Daily - Bullish, H4 = Bearish
Last week, tradeable days were only 29-30 April as market was mostly horizontal prior to 29 April.
Last 2 bars displayed good reversal volume, let's see if this intermediate support can be an indication
of demand coming in.
Caution though if long, keep stops tight because:
Bar 1 is weak given and 2 bars after it doesn't show demand for higher prices.
Possible scenarios:
1) With the trap up move on 1, market may be keen to test the green zone
2) Market in rotation phase between 4124 - 4220, trades would be executed at the boundary.
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Have a good trading week ahead!
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