E E-Mini S&P 500 Rose By Tech Stocks And Lower Yield

The E-mini S&P 500 (CME: ES) rose about 0.2% by strong tech stocks and the lower yield in the European trading session. The market heading higher towards the Quarterly DVAH of the VWAP structure while hitting an intraday VWAP close level which serves as resistance for now.

Intra-day perspective with upside slope while buyers try to lift the market higher by the support of the developing VWAP - yesterday's close level might be targeted by sellers while buying scenarios could emerge around the lower distribution.

The dollar index and Yield with room to the downside may be factors to boost the index higher while a turning should strengthen the mentioned resistance level on ES.

(Click on image to enlarge)

(Click on image to enlarge)

 

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