ES1! SPX500USD 2022 JULY 18 Week
Last week' rotation trade was good.
Rotation strategy applies for this week as well.
Minor strength observed, so additionally there's a preference to long on
retracement.
Possible Scenarios are considered:
1) Market rotation = trade at boundary of range
2) Channel rejection / support trades
3) Behavior change scenario for long on retracement
4) Trend continuation
Weekly: Ave vol down bar close toward high = minor strength
Daily: Ave vol up bar close at high = minor strength
H4: High vol narrow spread up bar followed by tiny ave vol up bar = weakness
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4071 3950 3742
3642 3600 3540
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Have a profitable trading week.
