ES brutal rejection but...

Jul 18, 2022

Is there a still a chance it goes up? The bullish thesis looks compromised but if it hangs above 3820-3850 (20 and 10 day SMA) this week there is still a chance we break the trendline and move to 4100 - Could be still be a simple retracement/shakeout (50% retracement from july 14 low at @ 3815)

Note the hidden bullish divergence on the RSI and the muted volume today daily

Could bounce here as VWAP anchored at July 14 low is sitting at 3828

Jul 19, 2022

Trade active

Wow
Strong breakout of the trendline
Did bounce on the VWAP anchored on the July 14 low

Jul 22, 2022

Trade closed manually

closed position on the 15 min reversal at the open

Jul 22, 2022

Note

also visible on the 30 min tf