MES First Week of August 2022 Weekly Template

The first week of August Template could be bearish or bullish. The first day of the month saw us trading up near the top of the channel and are currently in a retracement. If we are to continue bullish in this up channel, then we need to break this counter trend line. If we fail bearish and break the up channel, then look for a red week. The trend is still bullish but could fail.