ES1! SPX500USD 2022 Jan 17 Week E-MINI S&P 500 FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:ES1! paradox677 ES1! SPX500USD 2022 Jan 17 Week Scenario1 4662 short, scenario3 4743 short, Scenario 4 bounce from trend channel provided plenteous opportunities last week. Will adopt a rotational play - execute trades only at boundary 4808 / 4740 / 4629 / 4573. Concern: - The uptrend channel has encountered structure failure => price did not reach the supply line of channel = weakness - Increase in bearish volume on the downward move = weakness Weekly: Average volume down bar closing off low = no supply/strength Daily: High volume up bar closing off high = supply present. H4: UHV down bar closing off low followed by up bar = strength. Entries will be based on price reaction to the levels Short = Test and Reject | Long = Test and Accept 4874 4800 4740 4629 4573 4520 4492 4411 Remember to like and follow if you find this useful. Have a profitable trading week.