The E-mini S&P 500 is currently trading slightly higher, with a modest gain of approximately 0.05%. The market is exhibiting a balanced and rotational behavior around the 4747 level. Notably, the ES futures have shown a one-time-framing lower pattern, while the previous session concluded with a B-shaped volume structure, with the majority of the trading volume concentrated in the lower region of the session’s price range. This pattern may suggest a potential bullish bias for the upcoming sessions.

However, it’s worth noting that the market opened within this distribution, which implies that traders should consider extreme price levels to formulate rotational scenarios. They may also look to the lower end of the price range for potential absorption opportunities.

The current slightly positive volatility and a weakening dollar could contribute to a balanced trading approach. It is essential to monitor these factors throughout the trading session for any potential shifts. Additionally, sellers may find the VWAP close level around 4759 to be of interest as a potential resistance level.

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