ES1! SPX500USD 2022 Jan 24 Week

ES1! SPX500USD 2022 Jan 24 Week

Last week rejection at 4573 offered great short opportunity.

Preference to short on retracement / when price returns to
test shakeout area - possible scenarios provided

Weekly: Ultra wide spread high volume down bar = strength
may be returning
Daily: High volume up down bar closing near low = weakness
H4: Very high volume down bar closing at low = concern of buying
into the down move

Entries will be based on price reaction to the levels
Short = Test and Reject | Long = Test and Accept

4874 4800
4740 4629
4573 4520
4492 4411
4332 4267

Remember to like and follow if you find this useful.
Have a profitable trading week.