Analyzing Market Behavior: E-Mini S&P 500 Weekly And Daily Perspectives
When we analyze the weekly perspective of the E-mini S&P 500, a double distribution profile structure comes into view, with the single print area potentially being a target to be filled. Traders may base their bias perception on the Point of Control (POC) level, while the upper distribution’s extremes could act as potential support or resistance. In the previous week, the low volume area served as a selling zone, possibly leading to long liquidations.
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Shifting to the daily intervals, we encounter a balanced price range. Traders often use the extremes to formulate rotational scenarios, with the prior balanced volume profile structures’ extremes potentially serving as buying or selling areas.
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The current slightly lower dollar might lend some support, while positive volatility could exert pressure. This combination might result in a balanced and rotational approach during the session.
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