E-Mini S&P 500 Around Daily Bracket Highs; Higher Jobless Claims Pressures

The E-mini S&P 500 little changed and trades rotational around the highs with selling pressure at the daily balance area high.

The E-mini S&P 500 little changed and trades rotational around the highs with selling pressure at the daily balance area high.

Monthly bullish momentum keeps the Futures contract ES interesting for buyers while the unexpected rise in the jobless claims pressures the market.

The lower VWAP close levels on the intra-day perspective might be of relevance for buyers to add to core positions. The Quarterly DVAH level could serve as a supportive line while a possible daily downtick might bring the market towards the bracket lows again and would turn the Quarterly DVAL into a rotational target play for sellers.

 

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