E-Mini S&P 500 Around Quarter's VWAP

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E-mini S&P 500 closed with a buying tail for January as the market found support around the Quarter’s DVAL level and lower extreme and might targeting a rotational play towards the DVAH level while the 5% drop might pressure the market context by the outside bar.

The daily periodicity was hitting the EMA50 around the Quarter’s VWAP and found some selling while the current day’s session hitting support with the mentioned VWAP, leading the market towards a balanced and rotational behavior.

The hourly seems to have two levels of interest and upper and lower prior VWAP closes as nearest levels to monitor any reaction towards it. Sellers might be trying to pressure the market lower towards the distribution or balance area to find core add buyers.