SPX500USDSPX500USD 2021 May 10 Week (Intraday)
Weekly, Daily, H4 = Bullish
Week of 03 May Scenario 1 materialized, green zone was tested. So short and long was fruitful.
Bar A Ultra High Volume - possible outcomes from this
1) if this is an absorption of supply to break through the previous resistance of 4220 & 4220 can hold, will keep to long
2) If this is an upthrust price and 4240 - 4220 has become resistance, we can expect a good short opportunity.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.