ES1! SPX500USD 2023 MAR 16

ES1! SPX500USD 2023 MAR 16

Scenario1 4094 short again! Hope you had taken the trade.
No trend changing principles observed, short
preferred.

Scenario Planning:
1) Short if 4094 / 3928 is rejected
2) Long on support and accept of 3788 // 3928

Volume Analysis:
Weekly: Ave (higher vol down bar) close toward low
= Supply remains
Daily: Ave vol down bar close off low = some demand noted

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

4175 4094 3928
3788 3502-3580

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Have a profitable trading week.