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
Related publications
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.