ES1! SPX500USD 2022 SEP 05 Week

ES1! SPX500USD 2022 SEP 05 Week

Last week's 4071 rejection + channel rejection provided fruitful short.
Currently market is temporarily supported at 3903.

Possible Scenarios are considered:
1) Long if 3903 is supported
2) Short on low vol retracement / rejection at 4080 / 4030 / 3903

Weekly: Higher vol down bar close off low, same spread as previous bar
= demand coming in
Daily: Ave vol down bar close off low = minor demand
H4: Ultra high vol bar + high vol up bar = demand coming in

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

4303 4204 4029
3903 3743

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Have a profitable trading week.