S&P 500 (ESZ2024) - Numerous Opportunities Scalping
Very efficiently delivered price during this week with little to no inefficiencies to the downside. This suggests a massive price to the downside if ES was to print bearish price action.
$5,850 is the weekly lows is in the cards if we see a sharp retracement but due to the overall sentiment being bullish, it would be wise to anticipate longs up to $5,927.25 all-time highs but sitting back, awaiting for more data would be the best thing to do in this case.
Studying Mondays price delivery will be key to detect whether the highs has been printed for the week.
$5,850 is the weekly lows is in the cards if we see a sharp retracement but due to the overall sentiment being bullish, it would be wise to anticipate longs up to $5,927.25 all-time highs but sitting back, awaiting for more data would be the best thing to do in this case.
Studying Mondays price delivery will be key to detect whether the highs has been printed for the week.
Note
Down close day yesterday with the most recent NWOG low being tagged.
Today will be great for scalping
Note
Could it be argued that Monday and Tuesday was days for smart money to accumulate longs with the intention to offset their longs at $5,915 buyside to unknowing market participants ?
Note
End of Week Price action
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.