ES1! SPX500USD 2023 JUNE 12 WEEK

ES1! SPX500USD 2023 JUNE 12 WEEK

Price broke 4303. If this becomes support,
next target level will likely be 4584.

Scenario Planning:
1) Long on support at 4303
2) If false break, short on rejection at recent high / lower
high.

Note:
Longer Term: 4150 need to hold as support in order for
long trend to remain intact.

Volume Analysis:
Weekly: Ave vol up bar close off high = NTC weakness
Daily: Low(er) vol up bar S>D close off high = NTC weakness
*NTC = Non Trend Changing

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

4584-4525 4303 4150

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Have a profitable trading week.
*For educational purpose only.