E-Mini S&P 500 Rotational Play Towards Quarterly VWAP

Trader • Jul 15, 2021 at 4:50 PM EDT

The E-mini S&P 500 fell about 0.45% to find initial buyers around the Quarterly DVWAP while targeting the rotational play towards the QDVAL.

The E-mini S&P 500 fell about 0.45% to find initial buyers around the Quarterly DVWAP while targeting the rotational play towards the QDVAL. The market got selling pressure at the previous VWAP close level which brought the market all the way down.

Yesterday's mentioned outside bar was the sign for potential change in the market context, in this case from bullish to balanced followed by a possible short-term bearish behavior. Sellers could be targeting the QDVAL and lower daily extreme while adding to core positions around the upper distribution's mean.

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Visit our trading community to read more market insights and to learn the more indepth analysis process with various tools such as the VWAP or Footprint chart.

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